07.06.2012 - Qatar buys US$622mln Champs-Elysées retail complex
Qatar Investment Authority (QIA), the sovereign wealth fund that bought London’s Harrods department store in 2010 for US$2.22bn, has snapped up a luxury retail complex on Paris’s Champs-Elysées boulevard, it was reported on Tuesday. QIA, the investment arm of Qatar Holding, bought the flagship retail complex in the heart of Paris from French insurance firm Groupama for around €500m (US$622m), according to a report on Tuesday by newspaper Le Figaro...............................................Full Article: Source
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