Qatari investors eye up London office market

Posted on Posted in INDUSTRY NEWS

The British commercial property market could be set for a shot in the arm thanks to a purported £5 billion war-chest being lined by Qatari investors, according to reports in the Daily Telegraph.

Commercial property in the UK and office space across the country could be snapped up, with a group comprising some of the biggest firms in the oil-rich state joining forces.

Qatar Islamic Bank, Qatar National Bank, Barwa International and Qinvest are working with Sellar Property Group, with London one of the chief targets.

Already, the group has announced plans to invest in the £1.4 billion Shard of Glass development on the South Bank in the capital, with the 310-metre tall building set for mixed use.

Sheikh Jasim, chairman of the Qatar Islamic Bank, told the newspaper: "In my view, opportunities such as the Shard of Glass are going to be the cornerstone of our investment strategy.

"We will continue to look for similar opportunities. It is our belief that the United Kingdom continues to be an attractive investment place in Europe."
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