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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar’s Diar eyes Europe investment after global crisis

Posted on 08 October 2008

From Bi-me.com: A unit of Qatar Investment Authority (QIA) yesterday said it was looking into investing in Europe, including buying London office blocks worth up to £500 million (US$878 million), as prices were expected to fall.

“We are looking at buying office blocks in London because they are always in demand … we are looking at an investment of between £80 million and £500 million,” Ahmed al-Mazroei, Deputy CEO of Diar, said. Mazroei said Diar, the property arm of Qatar’s US$40 billion sovereign fund QIA, was looking to benefit from an expected decline of 15% to 20% in the European real estate market in the coming two years, which he said would make prices “cheap” in view of the liquidity crisis….. Full Article: Source


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