The Qatar Investment Authority (QIA) recently invested 2.45 billion USD into acquiring an office building in Singapore. QIA bought the 43-storey building, Asian Square Tower 1, from US based private equity firm BlackRock. It is the largest single-tower real estate transaction in the Asia Pacific region.
The office tower is home to multiple well-known tenants, including Citibank, Google and Lloyds bank.
QIA is looking to invest in property overseas, and the Asian Square Tower 1deal is only one part of the sovereign wealth fund’s strategy to diversify its portfolio through a broad range of property investments.
The sovereign wealth fund has a reported 265 billion USD in assets under management and has made multiple investments in European property. However, following a recent internal review, QIA will be reducing its focus on European investments. The review found that the fund is “overcommitted” in Europe. As a result, QIA is likely to expand its overseas property interests to include growth markets in other regions.
Naseba is a business facilitator with offices in Dubai, Chicago and Bangalore, and a presence in several other cities. Over the past decade, we have established close relationships with a network of investors from around the world – including the GCC. Our investor analysts conduct daily calls with these investors to better understand their needs and mandates.
Recently, this research has revealed a strong demand for property in high-potential and niche markets. Therefore, we are currently sourcing global real estate and development projects on behalf of our investors.
On October 17th, 2016, we will be organising a private investor meeting in Riyadh to introduce pre-screened Middle Eastern investors to pre-qualified real estate investment opportunities.
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To learn more, contact:
Naseba investor introduction
+971 4 455 7954