news11 Oct 2009 16:26
Following publication of the results of the share offering by Songbird Estates, Qatar HoldingQatar HoldingQatar Holding
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confirms that it has taken up its rights to 24% of the ordinary shares issued. As a result, Qatar HoldingQatar HoldingQatar Holding
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has emerged as the largest investor in Songbird Estates with total investment exceeding £350 million.
Ahmad Al-Sayed, Managing Director and CEO of Qatar HoldingQatar HoldingQatar Holding
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said:
"We believe the very positive response to the offering shows the improving sentiment towards UK commercial property in recent weeks as well as the attractiveness of this transaction. We are pleased to have taken this opportunity to increase our stake in an outstanding prime real estate portfolio with stable long-term income and high calibre management".