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Saudi Arabia’s PIF Invests in NYC Property Near Central Park

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By Zainab Fattah and Natalie Wong

July 7, 2025 at 11:27 AM EDT

Updated on

July 7, 2025 at 11:50 AM EDT

Saudi Arabia’s Public Investment Fund is investing in Related Cos.’ site for a tower in midtown Manhattan.

PIF has already invested about $200 million and plans to take about a two-thirds stake in the site, according to people familiar with the matter who asked not to be identified citing private information.