The Qatar Investment Authority, which controls more than $100 billion of assets, said it’s ready to boost investment in the U.K. after acquiring stakes in British companies such as Barclays Plc and J Sainsbury Plc.
Qatari Diar Real Estate Investment Co., a unit of the emirate’s sovereign wealth fund, is unlikely to win a suit over plans for an apartment complex at London’s Chelsea Barracks unless the emir of Qatar testifies at a trial.
Qatari Diar Real Estate Investment Co. will use its own cash to fund the development of the former Chelsea Barracks in London and has bought out a loan of more than 1 billion pounds ($1.6 billion) which was used to buy the site, the Financial Times reported, citing Stephen Barter, chief executive officer.
Deutsche Bank AG salesman Jon-Paul Rorech didn’t illegally disclose information on a bond sale to a hedge-fund manager, a judge ruled in U.S. regulators’ first lawsuit alleging insider trading of credit-default swaps.
Great Portland Estates Plc didn’t have to build a thing to boost the value of its development site in London’s Mayfair district. The 1.3-acre plot appreciated by 10 percent in the second quarter, almost twice the return that income-producing office buildings there will generate this year.
Canary Wharf Group Plc and Qatar’s sovereign-wealth fund won local-government approval to construct offices and 877 homes in eight buildings at the site of Royal Dutch Shell Plc’s U.K. headquarters near the London Eye Ferris wheel on the River Thames.