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Article: Qatar SWF Boost for UK Real Estate Market as GCC Investors Eye Plummeting Property Price Portfolios.
- Article from:
- Albawaba.com
- Article date:
- November 22, 2008
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Summary: The real estate markets in major international cities such as New York, London and Tokyo have received a major boost in confidence following reports that the Qatar Investment Authority (QIA), the emirates' sovereign wealth fund (SWF), is planning to build up portfolios of investments in prime real estate properties that have been affected by the adverse impact of the global financial crisis.
Investors from the GCC and other countries are particularly interested in value-added distressed assets as real estate companies in these mega-cities seek to off-load prime assets sometimes in panic sales to recoup whatever funds they can. The real estate sectors in these ...