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 31, 2014
INTERNATIONAL. In his latest interview with The Gold Report, the 321gold.com founder delivers a frank overview of U.S. international policy and lambasts commentators who look to their tea leaves in search of the next market moves.
date:Posted: October 31, 2014
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
date:Posted: October 30, 2014
UAE. GCC corporate earnings strength intact; Regional bonds unaffected by global shocks; Central Banks support financial markets.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
dhgate