QATAR. Qatar Investment Authority, the country’s sovereign wealth fund, completed the purchase of Credit Suisse Group AG (CSGN)’s headquarters in London.
The building in One Cabot Square in Canary Wharf will be leased back to Credit Suisse under an agreement that runs until 2034, the fund said in a statement on its website. It didn’t provide a value for the transaction.
Qatar Investment Authority may have offered to buy the Swiss bank’s property in a deal valued at about 330 million- pound (US$519 million), the Sunday Telegraph reported on January 29, without citing anyone.