Wednesday, June 13, 2012

Qatar continues to expand public investment funds in Europe. The Qatar Investment Authority recently purchased a prestigious shopping center in Paris's Champs Elysees for 500 million euros .

Le Figaro has learned that the 27 thousand square foot retail building was sold by Groupama to Qatari investors.

The Middle East investors are noticeably stronger in European expansion. In Budapest two five-star hotels were  bought by Arab investors: the Gresham Palace by investors from Oman, Le Meridient was taken by investors from from Dubai.

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