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Canadian funds make big buys in Manhattan

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Canadian funds have invested US$3.85 billion in Manhattan property this year, double the 2014 figure. They include the Hudson Yards project with 17 million sq ft of commercial and residential space.

Toronto

CANADIANS are invading Manhattan.

The country's largest real estate investors have bought a record US$3.85 billion in property this year in the New York city borough and spent more than any other foreign country in the last decade, according to data from Real Capital

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