20.08.2012 - Qatar top sovereign Europe property buyer with 6 weeks gas cash
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
Print