Abu Dhabi state fund to purchase 25% Vornado stake in Manhattan office tower

Abu Dhabi state fund to purchase 25% Vornado stake in Manhattan office tower

Aerial view of Abu Dhabi. Photo: Pixabay

Abu Dhabi Investment Authority, one of the world’s largest sovereign wealth funds, plans to buy out Vornado Realty Trust’s 25% stake in the midtown Manhattan office tower at 330 Madison Ave., according to a person familiar with the matter.

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