Middle East investors keep snapping up trophy assets | GulfNews.com:
"High net worth investors and institutions from the Middle East were generous in spreading their wealth across Europe’s commercial property in 2013-21 of the transactions valued at €100 million and over were conducted by them during the year.
Asian buyers, led by the Chinese, accounted for a further 22 such transactions, according to new figures released by the global consultancy CBRE, which also found that London topped the list of European investment destinations with €32.2 billion worth of commercial realty transactions. In all, European cities recorded €165.6 billion in commercial property deals last year.
The priciest deal was a £1.7 billion deal in London by St. Martins, owned by the Kuwaiti sovereign wealth fund (SWF). In fact, there was another deal valued at the same level, this one engaged in by Singapore’s SWF, GIC. Both transactions were done late last year."
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