Qatar plans $35B in US investment over next five years

Sovereign wealth fund opens NYC office to better access partners

New York /
Sep.September 28, 2015 04:32 PM

Qatar’s sovereign wealth fund plans to invest $35 billion in the U.S. over the next five years, and it’s opened a New York office to “better access new and existing investment partners.”

The Qatar Investment Authority, which controls more than $250 billion in funds, said Monday that it plans to target various sectors of the U.S. economy, though it declined to provide details on potential investments.

The Doha-based fund has deployed Qatar’s riches on assets ranging from British bank Barclays to commodities trader Glencore, with most of its investments confined to Europe so far, according to Bloomberg. In January, it led a group of investors who agreed to buy London’s Canary Wharf financial district in a deal valued at $3.94 billion.

Qatar has invested in New York’s real estate market in recent years. The nation’s permanent mission acquired four apartments at Zeckendorf Development’s 50 United Nations Plaza for around $45 million earlier this year.

Vornado Realty Trust also entered negotiations with the Qatar Investment Authority last year on hundreds of millions of dollars in financing for the company’s 220 Central Park South condo tower. Earlier this year, a Qatari buyer looked to combine multiple apartments at the skyscraper into a single, $250 million penthouse, as The Real Deal reported. [Bloomberg]Rey Mashayekhi


Related Articles

arrow_forward_ios
First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
Guillermo Lasso and the Asia Brickell Key condo in Miami
Ecuadorian president’s alleged Florida real estate ties raise questions
Ecuadorian president’s alleged Florida real estate ties raise questions
Hudson Yards (iStock)
EB-5 program set to expire at the end of June
EB-5 program set to expire at the end of June
Centrale at 138 East 50th Street and Ceruzzi president Arthur Hooper (The Centrale NYC, Hooper via Sasha Maslov/Illustration by Kevin Rebong for The Real Deal)
Korean lender sues for $40M over Ceruzzi condo mezz loan
Korean lender sues for $40M over Ceruzzi condo mezz loan
Canada, South Korea, Germany, Singapore, and the UK top the list of countries investing in real estate. (Getty)
South Korea now No. 2 foreign investor in US CRE
South Korea now No. 2 foreign investor in US CRE
Stockbridge managing director Terry Fancher (Photos via Stockbridge)
Stockbridge and South Korean firm strike $2B warehouse deal
Stockbridge and South Korean firm strike $2B warehouse deal
The Internal Revenue Service is going after foreign real estate investors as part of a broader sweep to collect revenues amid the pandemic.  (iStock)
“There’s a lot of money to be made”: IRS targets foreign real estate investors
“There’s a lot of money to be made”: IRS targets foreign real estate investors
Qatar is hoping to attract foreign buyers to its housing market,
Qatar entices foreign buyers amid oversupply in housing market
Qatar entices foreign buyers amid oversupply in housing market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...