Blackstone Real Estate completed the acquisition of a 49% stake in One Manhattan West from Brookfield and Qatar Investment Authority for $1.39bn.

Blackstone Real Estate completed the acquisition of a 49% stake in One Manhattan West, an office building complex from Brookfield and Qatar Investment Authority, for $1.39bn. “One Manhattan West is a brand-new, best-in-class building that is attractive to tenants and represents a continuation of our strategy targeting well-leased, transit-oriented, highly amenitized and newly built assets in gateway markets. We are long-term believers in New York and are confident that quality properties like One Manhattan West will continue to see strong tenant demand," Qahir Madhany, Blackstone Real Estate Managing Director.