For a good chunk of time, sovereign wealth funds were tripping over themselves to buy trophy Manhattan buildings — from classic prewar Midtown towers to gleaming new construction in Hudson Yards. But those funds — the official investment vehicles of foreign countries like Qatar, Norway, China and others — now seem to be taking a breather. “There’s definitely been a shift in the last 12 months,” said Alex Foshay, a vice chair at Newmark Knight […]
source https://therealdeal.com/issues_articles/the-sovereign-wealth-shift/#new_tab
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