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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Arab investors join Latin America’s real estate fiesta

Posted on 12 August 2010

From Arabic Knowledge@Wharton: The Qatar Investment Authority recently bought a number of London landmarks, including a large portion of Canary Wharf, luxury retailer Harrods and the Savoy Hotel.
Yet enthusiasm for those markets is waning. Amid the recent financial woes befalling U.S. and European real estate, some Arab investors have suffered embarrassing losses. That includes Dubai’s Istithmar World’s foreclosure sale of the W New York Union Square hotel for US$2 million, which the firm had bought for US$282 million in 2006……………………………………….Full Article: Source

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