NEW YORK (CBSNewYork/AP) –– An affiliate of the Qatar Investment Authority (QIA) has made $622 investment in the Empire State Realty Trust, a New York-based company which owns the Empire State Building.

The investment represents a roughly 9.9 percent stake in the company on a fully diluted basis or currently 19.4% ownership of Class A shares.

Empire State Realty Trust President and COO John B. Kessler said in a statement the partnership with help the company “take advantage of opportunities through external growth.”

Empire State Realty also owns office and retail properties in Manhattan, Connecticut and Westchester County. The Empire State Building is the company’s largest asset.

The QIA’s existing American holdings include a more than 10-percent stake in New York-based luxury jeweler Tiffany & Co. The fund sold its share of the American film studio Miramax to Qatar-based media group beIN in March.

The Las Vegas-based Sovereign Wealth Fund Institute estimates the Qatari fund is worth some $335 billion.

The Qatar Investment Authority was founded in 2005

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Comments (13)
  1. If they own it, they’ll think they can crash planes into it any time they want.

  2. Jerry says:

    $622 seems like a paltry amount to me.

    1. MacG says:

      Yes and at roughly 20% ownership who knew the Empire Sate building was only worth $3k? 🙂

  3. MacG says:

    Ah. Their new Minaret.

  4. subhuman says:

    Obviously associated with the Clintonista Foundation.

  5. skidmarklark says:

    Qatar enables terrorism. All their American assets should be seized.

  6. Jack Coyote says:

    What are the gonna do, turn it into a missile?

  7. Hallmark says:

    For that kind of money they could have bought the Brooklyn bridge!

  8. $622 or $622 million?? If it is $622, I will buy their shares.

  9. You really don’t think they made a bigger investment than that to Hillary?

  10. mickrussom says:

    why we let these thieving low life disgusting Muslim pigs buy our property is beyond me. We need to be chasing out these muslim arab islamic pigs now before its too late.

  11. Sailordude says:

    That is the safest skyscraper from radical Muslim terrorism in America now! I worked over there and always felt safest flying on the Arab airlines like Qatar, Air, they wouldn’t bomb those!

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