Qataris enjoy rich pickings in London property | World news | The Guardian

Large chunks of London from London Bridge to Chelsea are set to be transformed by the oil and gas riches of Qatar.

The tiny emirate, which recently bought Harrods for £1.5bn, is likely to be the largest overseas property investor in the world this year, according to a report today, as it targets the capital's assets in an aggressive spending spree.

"Cash-rich and with a strong appetite for splashy overseas assets, Qatari [investment] vehicles have lately outshone their counterparts from the region and are projected to carry on with their rapid expansion across the real estate world," said the report by real estate consultancy Jones Lang LaSalle (JLL).