Qatar top sovereign Europe property buyer with 6 weeks gas cash


  • Business Premium
  • Friday, 17 Aug 2012

LONDON: Qatar was the top sovereign wealth buyer of European property in the last 12 months, spending 3.5 billion euros ($4.3 billion) on eight deals including the London Olympic athlete's village and a mall on Paris' Champs Elysees, data from a research firm showed.

For Qatar, the world's biggest exporter of liquefied natural gas (LNG), that spending during the year to mid-August equals only about six weeks of revenue from its LNG exports, according to Reuters calculations.

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