Qatar eyes London’s Gherkin tower


Qatar’s ruling Al Thani family is reportedly in talks to buy London’s Gherkin tower and  a massive Frankfurt Airport office complex for a combined $2.05bn.

The properties are owned by insolvent German company IVG Immobilien AG (IVG), which is seeking to sell off equity to pay down €3.2bn worth of debt accumulated during a massive expansion.

The Frankfurt office block, The Squaire, has a price tag of €850m, while the Gherkin is worth €700m, according to Property Investor Europe magazine.


This entry was posted in Thoughts. Bookmark the permalink.

Add a comment

Your email address will not be published. Required fields are marked *