Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Qatar Wealth Fund Purchases Credit Suisse’s London Base

Feb. 20 (Bloomberg) -- Qatar Investment Authority, the country’s sovereign-wealth fund, bought Credit Suisse Group AG’s London headquarters and leased the building back to the Swiss lender.

The property at One Cabot Square in the Canary Wharf financial district has 546,114 square feet (50,736 square meters) of space, Qatar Holding LLC, the wealth fund’s foreign investment unit, said in a statement on its website. Zurich-based Credit Suisse agreed to lease the building until 2034, Qatar Holding said. It didn’t disclose the transaction value.

Qatari Diar Real Estate Investment Co., another arm of Qatar’s wealth fund, bought most of Royal Dutch Shell Plc’s headquarters campus in London with Canary Wharf Group Plc in July. Canary Wharf is controlled by Songbird Estates Plc, in which Qatar Holdings owns almost a 28 percent stake.

A spokesman for Qatar Holding couldn’t be reached by phone and didn’t immediately answer an e-mail seeking comment.

The Daily Telegraph reported last month that the sale-and-leaseback deal was valued at about 330 million pounds ($523 million). The newspaper didn’t cite anyone.

Qatar’s various funds also own about a 26 percent stake in J Sainsbury Plc, the U.K.’s third-largest supermarket owner, the Chelsea Barracks high-end residential project, Park House on Oxford Street, Harrods Department Store and the U.S. embassy building in Mayfair.

To contact the reporter on this story: Andrew Blackman in Berlin at Andrew Blackman at 6223 or

To contact the editor responsible for this story: Andrew Blackman at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.