It is not just London, New York or Paris where Qatari investors of Alduwaliya consider investing in, as they did back in 2015 and 2016. Now they are even investing in places like Birmingham with ticket sizes as low as $30 million.
Qatar investors of Alduwaliya Asset Management has acquired One Eleven Edmund Street in Birmingham in a $29 million deal. This is their first UK purchase outside London. According to research by DubaiBeat, in their past purchases in NYC, London and Paris their purchase price was above $100 million.
To see listing and email addresses of investors from Qatar similar to Alduwaliya Group, check the Middle East Investors Directory.
More details follows from Birmingham Post
Middle East investors have acquired an office building in the Birmingham's Colmore Business District.
Qatar-based property investor Alduwaliya Asset Management has bought One Eleven Edmund Street in a £22.5 million deal.
The 44,769 sq ft premises is let to law firm Gateley on a 15-year lease at an annual rent of £1.2 million.
Part of the former Ear, Nose and Throat Hospital, the Grade II-listed building comprises six floors of grade A office space with roof terraces to the fifth and sixth floor and 21 underground parking spaces.
The acquisition is the first UK purchase for Alduwaliya outside London.
The Birmingham office of property consultancy Knight Frank advised the purchaser and CBRE acted for the seller Hines. (c) birminghampost more details at http://www.birminghampost.co.uk/business/commercial-property/middle-east-investors-snap-up-12641048
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