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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Trends

Qatar top sovereign Europe property buyer with 6 weeks gas cash

Posted on 20 August 2012

Qatar was the top sovereign wealth buyer of European property in the last 12 months, spending 3.5 billion euros ($4.3 billion) on eight deals including the London Olympic athlete’s village and a mall on Paris’ Champs Elysees, data from a research firm showed.
For Qatar, the world’s biggest exporter of liquefied natural gas (LNG), that spending during the year to mid-August equals only about six weeks of revenue from its LNG exports, according to Reuters calculations. Sovereign wealth funds view top-quality property in the best locations as a safe bet in the global financial crisis………………………………………..Full Article: Source


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