Who owns more of London, the Queen or a Qatari-based investment group? If you guessed the latter, you would be right.
New research has revealed that Canary Wharf Group, jointly-owned by Qatari Diar and Brookfield, is the capital’s biggest landlord, boasting more than 21,452,796 sq ft of property.
Qatar, a country approximately the same size as Yorkshire, also owns stakes in The Shard, Harrods, the Olympic Village, Claridge’s, One Hyde Park, Camden Market, and an estimated £1 billion of property in Mayfair.
Raed Hanna, a property expert at Mutual Finance, says that even Brexit has failed to dent Qatari hunger for London’s property.
“In Qatar they can get a 50 per cent or 60 per cent return against 5 per cent or 6 per cent here in the UK,” he said.
“Nevertheless, the UK is still considered much safer than their own country, where they are too politically exposed.”
Qatar was followed by the City of London as the next biggest landlord, with 17.4 million sq ft of the property.
The Queen, who owns approximately 7.3 million sq ft of land, came in at sixth, after Transport for London, Aviva, and BNP Paribas.
Tesco makes a surprise entry at number 19, followed by Royal Mail at number 21, and HSBC at number 26.
The full list can be found here.
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