Friday, 27 February 2015

London mayor Boris Johnson expects ‘spacecraft full of bullion’ from Arabian Gulf to land in his city | The National

London mayor Boris Johnson expects ‘spacecraft full of bullion’ from Arabian Gulf to land in his city | The National:



"Arabian Gulf investors are set to snap up more prime London real estate, according to its mayor Boris Johnson, who envisages “gigantic spacecraft full of bullion” continuing to land on his city despite painfully low oil prices.



Mr Johnson, who is known for his colourful turns of phrase, said investors from the region were considering further purchases in the area used for the 2012 Olympic Games.



Qatari Diar, the Gulf state’s investment arm, and a UK-based property firm already jointly own 1,400 flats at the Olympic Village – bought for a knockdown price of £557 million (Dh3.17 billion) in 2011, in a move that caused some controversy."



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