Qatar’s sovereign wealth fund has agreed to buy the Canary Wharf headquarters of Credit Suisse, Switzerland’s second-biggest bank, as it moves to grow its London real estate portfolio.
The Qatar Investment Authority (QIA) has placed 1 Cabot Square under offer for around £330m ($519m) in a sale-and-leaseback deal with the bank, the Telegraph reported on Sunday.
The wealth fund is Credit Suisse’s second biggest shareholder, with a six percent stake.
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