Blackstone, Global Infrastructure Fund, initial capital commitments for, Institutional Real Estate Investment, Prudential Real Estate, Prudential Real Estate Investors and SJP Properties sell minority interest in New York City's Eleven Times Square. Blackstone to buy stake in New York-Area, QIC, QIC secures US$528 million, real estate, RXR Buildings
An East Harlem development site could be the new home for a school, hospital, stores with avenue frontage, high-priced residential condos or some combination of all the above.
The Sigety family has put 1532 Madison Ave., a parking lot at the corner of East 104th Street, on the market for $15 million. The site can accommodate nearly 50,000 square feet of space as of right, and about 80,000 square feet if the buyer purchases available air rights from a neighboring property.
NEW YORK — QIC, a global diversified alternatives investment firm offering infrastructure, real estate, private equity, liquid strategies and multi-asset investments and one of Australia’s largest institutional investment managers, today announced that its QIC Global Infrastructure Fund (the Fund) has secured initial capital commitments totalling US$528 million from four institutional investors.
CEO Damien Frawley said, “We’re pleased that major institutional investors, including an Asian sovereign wealth fund and a major Australian pension scheme, have committed to our new global infrastructure fund. This is an exciting time for investment opportunities and further growth in the infrastructure sector in key markets around the world, including in the US and Europe. We believe QIC’s infrastructure pedigree is second to none, and we’re delighted to be able to make available to more institutional investors the successful global infrastructure strategy that we have had in place for separately managed account clients since 2006.”