08.10.2008 - Qatar's Diar eyes Europe investment after global crisis
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