Finance / United States
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Property Prices attract Sovereign Wealth Funds
May 2008 | Private Equity News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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A consortium of state-backed investors is preparing to invest up to US$9.8bn into UK and European commercial property. It was reported on Tuesday that a group comprising Qatar National Bank (QNB), Qatar Islamic Bank, Barwa International and QInvest are poised to snap up prime real estate in London and other major European cities, through local partner Sellar Property Group. This follows the group's successful acquisition of an 80% share in London South Bank's US$2.7bn Shard of Glass.