Brookfield, a global property investor in which the Qatari government has placed investments, struck a deal last year that rescued the Kushner Companies’ 666 Fifth Avenue tower in Manhattan from financial straits.

The country has decided that the Qatar Investment Authority will aim to avoid putting money in funds or other investment vehicles it does not have full control over, according to the sources, who are familiar with the QIA’s strategy.

Canada’s Brookfield Asset Management Inc. bailed out 666 Fifth Avenue via its real estate unit Brookfield Property Partners, in which the QIA acquired a 9 percent stake five years ago.

There was no requirement for Brookfield to inform the QIA beforehand.

The QIA will not wind down existing investments with Brookfield or others, but will rather no longer invest in similar deals, according to the two sources. The source close to Brookfield said relations with the QIA were still strong.

In 2017, the QIA pledged to ramp up its investments in Britain to 35 billion pounds ($45 billion) from 30 billion.







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