QATAR TOPS BUYERS OF LONDON PROPERTIES
London was the recipient of 44 percent of real estate investments made by sovereign wealth funds in 2013, CNN reported, citing a study by research firm Real Capital Analytics. Qatar’s sovereign wealth fund, which owns some of London’s most famous landmarks including the Shard, Harrods department store and the Olympic village, topped the list of buyers closely followed by Kuwait, China and Norway. Kuwait spent $2.7 billion on the More London, while China paid $1.2 billion for the Chiswick Park office development, home to offices of multinational firms like Discovery, Starbucks and Paramount. Norway followed with a $544 million investment in the 400-year-old Pollen Estate in the Mayfair section, home to the likes of Ralph Lauren and Chopard. London attracted $8.9 billion in foreign government investments in 2013, followed by Manhattan with $2.3 billion and Los Angeles with $1.5 billion.