According to new data, Qatari investors own more property in London than the Mayor of London’s office and three times more than the Queen
Qataris love London:
The capital’s largest property owner is Canary Wharf Group Investment Holdings, which is co-owned by Qatar Holdings, part of the Qatar Investment Authority (QIA) and American investment group Brookfield. According to data from the research firm Datscha, it owns almost 21.5m sq ft of space on its books.
Qatar is by far the most dominant force in London property as its government owns 1.8m sq ft. In contrast, The Queen only owns just under 7.3m sq ft.
Last year the former head of the QIA, Sheikh Hamad bin Jassim bin Jaber Al-Thani, said that Qatari investment into the UK to date are up to £30bn, and that London was the preferred destination.
The QIA owns Canary Wharf which contains some of the city’s largest buildings, as well as the site of the Chelsea Barracks, the Olympic Village and the Shard.
Top land owners:
The City of London Corporation controls the second highest holding, at 17.4m sq ft, followed by Transport for London, at 14.9m sq ft. as obtained from
Insurance firm Aviva owns almost 9m sq ft, while French bank BNP Paribas owns 7.5m sq ft, rounding up the top 5 owners in the city.
In a relatively short amount of time, the government of Kuwait has been acquiring land quite aggressively, it currently owns 3.65m sq ft which puts it on the 16th spot on the list, above most of the London boroughs and the National Grid.
On the top 100, there are several top retailers: Tesco is 19th, John Lewis and Waitrose are joint 54th, and Walmart, the US parent company of Asda, is 89th.