The Qatar Investment Authority has purchased a 9.9-percent stake in the company.
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Qatar's sovereign wealth fund has made an iconic purchase in the United States – a stake in the company that owns New York's Empire State Building.The Empire State Realty Trust Inc., which manages the 102-story, 443-meter-tall building, announced the Qatari purchase late Tuesday, saying the fund would gain a 9.9-percent stake in the company.The fund's existing American holdings include a more than 10-percent stake in New York-based luxury jeweler Tiffany & Co.Among the Qatari fund's interests in America is a 44-percent stake in the $8.6 billion redevelopment project in New York known as Manhattan West, which includes remodeling the building that's now home to the global headquarters of the Associated Press.
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