Just recently Qatar Holding bought four five-star luxury hotels – Claridge’s, the Connaught, the Knightsbridge Berkeley and the Park Lane InterContinental.
LONDON OWNERSHIP RANKINGS Rank Owner Area (sq ft) 1 Canary Wharf Group Investment Holdings 21,452,796 2 The Mayor and Commonalty and Citizens of the City of London 17,447,701 3 Transport for London 14,889,025 4 Aviva 8,964,857 5 BNP Paribas 7,457,253 6 The Queens Most Excellent Majesty in Right of Her Crown 7,266,023 7 Legal & General Group 6,782,525 8 Segro 6,589,014 9 British Land Company 6,410,015 10 Network Rail 4,903,713
Qatari Diar owns the former American Embassy in Grosvenor Square and the QIA has the Chelsea Barracks, The Shard and the Olympic Village.
Then two years ago Qatar Holding joined forces with Brookfield to buy Canary Wharf for £2.6billion, which was the UK property market’s biggest investment deal in a decade.
Raed Hanna from Mutual Finance, which has advises Qatari investors deals, told Property Week that UK property still seen as a safe haven for overseas money.
He said: ‘In Qatar they can get a 50 per cent or 60 per cent return against 5 per cent or 6 per cent here in the UK.
‘Nevertheless, the UK is still considered much safer than their own country, where they are too politically exposed.’
The ranking of London’s biggest 100 commercial landlords by square footage owned was taken from Land Registry, Valuation Office and Companies House data.
- Qatar has become one of London’s biggest landlords over the past ten years
- Qataris own 22m sq ft Canary Wharf plus another 1.8million sq ft elsewhere
- London ownership ranking puts Qataris ahead of City, TfL and Network Rail
Qatar has become one of London’s biggest landlords over the past ten years and now owns 24million square feet of prime real estate, it was revealed today.
The Qataris own the 22million sq ft Canary Wharf Group estate, with Canadian investor Brookfield, along with another 1.8million sq ft elsewhere in the capital.