Article Excerpts: The Empire State Realty Trust Inc., which manages the 102-story, 1,454-foot-tall building, announced the Qatari purchase late Tuesday, saying the fund would gain a 9.9-percent stake in the company. The trust owns a total of 14 office properties and six retail properties around the New York area. Click here for full article: http://nypost.com/2016/08/24/qatar-buys-a-piece-of-empire-state-building/
The fund’s existing American holdings include more than 10-percent stake in New York-based luxury jeweler Tiffany & Co. It sold its share of the American film studio Miramax to Qatar-based media group beIN in March for an undisclosed sum. Government-backed Qatar Airways, meanwhile, has been rapidly expanding its operations in the US, provoking a backlash from American carriers.