The Qatari government is launching a radical rethink of how it ploughs billions of dollars into property in order to show that their investments have commercial merit to them rather than being “trophy” acquisitions.
“They find the idea that they have overpaid [for properties] distasteful in the extreme,” one person who has worked on property deals for Qatar, told the Financial Times.
“They want to shake the impression they are trophy hunters; they only want to do commercially logical deals.”
Since 2007, Qatar has become an increasingly large player in the world property market thanks to its enormous cash reserves.
The Qatari property portfolio in London ranges from the Shard and Harrods to a stake in Barclays and the London Stock Exchange.
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