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Satyendra Pathak
Doha
The sudden correction in British real estate prices and the weakening of sterling following the decision of the Britons to leave the European Union (EU) will encourage investors from Qatar to add up to their assets portfolio in the UK for a longer term, a top banker has said.
The post-Brexit challenges might force a revaluation of Qatari assets in the UK in the short term but challenges will create opportunities for Qatari investors to expand their realty portfolios in the country, Qatar First Bank (QFB) CEO Ziad Makkawi told Qatar Tribune.
"The turmoil and uncertainty brought about by the Brexit vote will create many opportunities. We remain committed to deploying our own capital alongside our clients to take advantage of the low realty prices," he said.
One of the most high-profile investors in London, Qatar owns landmarks such as the Shard skyscraper, Harrods department store and Olympic Village as well as luxury hotels.
Qatar also leads a consortium that bought the owner of the Canary Wharf financial district last year.
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