Abu Dhabi sovereign fund buys full ownership of New York office block

Abu Dhabi: Abu Dhabi Investment Authority (ADIA) said on Wednesday it had bought a 25 per cent stake in 330 Madison Avenue from Vornado Realty Trust, gaining full ownership of the office block close to New York’s Grand Central Station. ADIA, which the Sovereign Wealth Fund Institute estimates manages nearly $700 billion (Dh2.5 trillion) in […]