LONDON: Qataris personal round 22 million sq. ft of Canary Wharf Group property in London, making them the most important land house owners within the metropolis.
This was revealed in a rating revealed by Datscha. Qataris additionally personal one other 1.8million sq ft elsewhere within the capital.
In response to the findings, Qataris are forward of Metropolis of London, Transport for London, Community Rail and even the Queen.
Different main organisations included in prime ten record embrace British Land Firm, BNP Paribas, Authorized and Common, Aviva and Segro, in response to Property Week magazine.
Qataris had funding about £30billion in Britain final yr, in response to former Prime Minister Sheikh Hamad bin Jassim bin Jaber Al-Thani. Buyers from Qatar primarily spend money on 5 main areas of London together with Kensington, Knightsbridge, Mayfair, the Metropolis and Canary Wharf.
In line with Raed Hanna, who works for Mutual Finance which advises Qatari buyers, property in UK is a safe funding.
“In Qatar they will get a 50 per cent or 60 per cent return towards 5 per cent or 6 per cent right here within the UK,” he stated whereas chatting with Property Week journal.
“However, the UK continues to be thought-about a lot safer than their very own nation, the place they’re too politically uncovered.”
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