Asia Square Tower 1 has been sold by a BlackRock advised fund to the Qatar Investment Authority (QIA) at approximately $2.45 billion U.S. dollars.
Increased geopolitical unrest and low oil prices are having an effect on the UK, driving private Middle Eastern investors towards London-based property assets.
According to CBRE, during the first half of 2015, $11.5 billion of capital flowed out of the Middle East into direct real estate globally.
According to CBRE Group, an average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term.
Shopping centres across Europe, the Middle East and Africa (EMEA) are now the preferred destination for eating and drinking, says a new report by CBRE.
Even with the significant drop in oil prices in the second half of 2014 and the start of 2015, investors from the Middle East continue to have a strong appetite for real estate investment globally.
According to STR Global, the Middle East-Africa region reported positive year-over-year performance results in two of the three major metrics during January 2015 when reported in U.S. dollars.
According to Cushman and Wakefield, Europe, Middle East and Africa (EMEA) will enjoy a significant increase of property investment activity in 2015.
According to the July 2014 STR Global Construction Pipeline Report, the Middle East-Africa hotel region reported 630 hotels under contract totaling 147,754 rooms.
Middle Eastern investors expected to spend over $180 billion in commercial real estate.
According to the April 2014 STR Global Construction Pipeline Report, the Middle East/Africa hotel development pipeline comprises 581 hotels totaling 137,799 rooms.
Starwood Hotels & Resorts Worldwide has sold The St. Regis Bal Harbour Resort to Qatar's largest development company.
Luxury hotels in Qatar reported increases in occupancy and revenue in the third quarter, despite an increase in supply.