The Future Fund on face value has more than doubled its money after selling off a New York office tower to a Japanese real estate company for about $600 million.
Seven years ago, Australia's sovereign wealth fund partnered with US investment giant TH Real Estate on its $US190 million acquisition of a near vacant, 31-level building near Grand Central station in Midtown from pharmaceutical company Pfizer.
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Larry Schlesinger was a reporter at The Australian Financial Review.
