A consortium of Qatari state-backed investors is preparing to invest up to £5bn in UK and European commercial property, The Telegraph reports.
The group, made up of Qatar National Bank, Qatar Islamic Bank, Barwa International and QInvest, is planning to work with Sellar Property Group to target prime assets in London and other European centres.
The decision follows the deal announced in January by the group to take an 80% share in Sellar's £1.4bn Shard of Glass development on London's South Bank.
Sheikh Jasim, the chairman of the Qatar Islamic Bank, said: "In my view, opportunities such as the Shard of Glass are going to be the cornerstone of our investment strategy. We will continue to look for similar opportunities. It is our belief that the United Kingdom continues to be an attractive investment place in Europe."
A NEW LEGAL weapon came into force over the weekend in a government crackdown on unscrupulous companies that mislead customers or use aggressive sales tactics, according to The Times.
The changes, which the Government claims represent the biggest attempt to tackle unfair sales practices in more than 30 years, introduce a new blanket ban on unfair trading, the first of its kind in the UK.
The Consumer Protection Regulations also bring together 23 existing laws, which Trading Standards officers have used against cowboy builders, rogue traders and unscrupulous salesmen in the past. However, the new regulations, which could lead to unlimited fines or lengthy prison sentences, will be much easier to enforce.
THE WORLD’S LARGEST investment banks will this week line up for a share of one of the year's biggest flotation mandates ahead of the €8bn (£6.37bn) stock market listing of Deutsche Bahn, Europe's biggest rail and logistics group, The Telegraph also reports.
The German national rail operator entered the UK rail freight market last year with its acquisition of English, Welsh & Scottish Railway (EWS) and is in the process of buying John Laing Rail, the owner of the Chiltern rail franchise, for £126m.
It is one of Germany's largest remaining state assets and its flotation has been described as a landmark privatisation move as well as a fillip for the beleaguered equity markets.IFAonline
Our weekly heads-up for advisers
'Nothing can prevent scammers developing workarounds'
Stalwart Scottish Mortgage takes third place
Consistency and compliance vs. slower reaction time
Search for replacement to begin imminently