Qatar sovereign wealth fund buys Credit Suisse's London office building
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon February 20, 2012 9:25 am

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.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 21, 2014
UAE. CIOs are faced with balancing the needs of workers to be more mobile and have more choice with the needs of the enterprise to protect its data regardless of the delivery channel.
date:Posted: October 21, 2014
UAE. End-unit prices have surpassed their peak of 2008, however land prices are still at 50% of their peak levels.
date:Posted: October 20, 2014
UAE. "The proposed Amanat IPO is strong evidence of continuing interest in regional and international interest in IPOs in the UAE and the GCC more widely, despite the recent softening in equity markets globally."
dhgate