Ritz Buy Would Take Qatar London Outlay To £17B

      Published on Saturday, 4 April , 2020      781 Views     
Ritz Buy Would Take Qatar London Outlay To £17B

  • Life

Reports emerged over the weekend that a private Qatari investor had bought the famous The Ritz London for between £750M and £800M.





The deal confirms something that has been clear over the past decade or more: Qatar loves London.



Qatari investors, from the national sovereign wealth fund to members of the royal family to small companies backed by wealthy investors, have spent a combined £10B on London real estate since 2007, according to data from Real Capital Analytics.

When the Ritz deal is added in, as well the cost of developing projects that Qatari companies are building, that sum rises to more than £17B, according to Bisnow research, an eye-watering sum for a country with just 2.6 million inhabitants.



Category Life | 2020/04/04 latest update at 6:40 AM
Source : Bis Now | Photocredit : Google
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