Brookfield and Qatar Investment Authority Sell 49% Stake in One Manhattan West to Blackstone Real Estate
BROOKFIELD NEWS, March 14, 2022 (GLOBE NEWSWIRE) -- Brookfield (NYSE: BAM, TSX: BAM.A) and Blackstone (NYSE: BX) today announced that Blackstone Real Estate has acquired a 49 percent stake in One Manhattan West from Brookfield and Qatar Investment Authority (QIA).
- BROOKFIELD NEWS, March 14, 2022 (GLOBE NEWSWIRE) -- Brookfield (NYSE: BAM, TSX: BAM.A) and Blackstone (NYSE: BX) today announced that Blackstone Real Estate has acquired a 49 percent stake in One Manhattan West from Brookfield and Qatar Investment Authority (QIA).
- The 67-story, 2.1-million-square-foot building is part of Manhattan West, Brookfield and QIAs 8-acre, 7-million-square-foot commercial complex on Manhattans west side.
- Designed by Skidmore, Owings & Merrill, Brookfield opened One Manhattan West in 2019 as the first new office tower within the Manhattan West development.
- Blackstones Core+ strategy invests in substantially stabilized real estate assets globally and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT, invests in U.S. income-generating assets.