The Public Investment Fund (PIF), the sovereign fund in Saudi Arabia, reportedly planned to take 1,200 feet of Madison Avenue in Midtown Manhattan.
Bloomberg reported The PIF has finished part of the US $ 200 million, according to people who are familiar with this matter but do not want to be recognized.
Related has a presence in the Middle East with an office in Abu Dhabi. The Gulf related is a concerted effort between Gulf Capital and related companies. One with Gulf-related Gulf The main development of Emirates is Galleria al Maryah.
It is known for its job in the Hudson Yards in the western part of Manhattan, where it helps the development of office buildings, a plan of a plan to build the tower in Manhattan.
According to Bloomberg, the developer and PIF have long been with a relationship, with PIF approval to make an investment in the company’s debt.
While PIF does not respond to a request for commentary, Natalie Ravitz, a related spokesman, says the strong place to be traded, from a strong corridor and has luxury hotels in Cencher.
