Qatar plans UK property raid - papers 27 May

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 ou...