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Qatar joins Brookfield's US$8.6b mixed project in Manhattan

Qatar will take 44% stake in the 7 million sq ft development
Friday, October 30, 2015 - 05:50
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Investors from around the globe are gravitating to Manhattan as a safe place to park cash. Office building values in big cities such as New York are 56 per cent higher than at the previous peak in 2008.

New York

BROOKFIELD Property Partners LP and Qatar Investment Authority have formed a joint venture on Manhattan West, an US$8.6 billion mixed-use project under construction on New York's far west side.

Plans for the 7 million square-foot development call for five buildings,