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: August 31, 2016
UAE. Dubai secures fourth place in global office rental growth; Growth reaches 20% with continuous declining office vacancy levels in DIFC: JLL's Office Global Index Report.
date:Posted: August 31, 2016
INTERNATIONAL. Upward trajectory for prosperity continuing; 1 in 67 Brits is a millionaire: Barclays Prosperity Map.
date:Posted: August 30, 2016
UAE. Technology, real estate and consumer products are leading M&A sectors by transaction value in H1 2016; Domestic deal value increases 67% in H1 2016 compared to H1 2015.
dhgate
cheap wedding dresses on Ca-Dress.com