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Article: Qatar SWF Boost for UK Real Estate Market as GCC Investors Eye Plummeting Property Price Portfolios
- Article from:
- Al Bawaba
- Article date:
- November 22, 2008
CopyrightCopyright 2008 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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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