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Who owns the high street: Qatar Investment Authority

Includes Harrods, Sainsbury’s 

The sprawling empire of the Qatar Investment Authority includes department store Harrods, which it bought from Mohamed Al-Fayed in a deal said to be worth around £1.5bn in 2010, as well as fellow London landmarks Canary Wharf and The Shard. 

The Knightsbridge department store, which totals more than 1m sq ft, is undergoing a £200m revamp, the largest in its history, as part of a three-year investment plan.

The shop floor will be “entirely redeveloped”, says managing director Michael Ward

The state-owned wealth fund, the ninth largest in the world, is said to own more land in London than the Queen and is also a major shareholder in Sainsbury’s. The fund has a 22% stake in the supermarket chain, which was reduced from 25% in September 2016. 

It has said to have dropped plans to launch a takeover bid for the supermarket with CVC Capital Partners in April 2016 after the grocer confirmed plans to make an offer for the Home Retail Group, the owner of Argos.

 

 

 

 

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