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FINANCIAL NEWS
Qatar intensifies buyout spree in Paris
24 Jun 2012
(MENAFN) Qatar made another buyout of a new Paris building which houses a section of the US embassy and the offices of national newspaper Le Figaro, local media reported.
The news comes only one day after it was reported that Qatar’s Katara Hospitality, formerly known as Qatar National Hotels Company, took over four prestigious French hotels.
Le Parisien newspaper said that the top Gulf LNG exporter has just bought the Neo building with 23,000 sqm at 14 boulevard Haussmann in the centre of Paris for USD367 million.
Earlier this year, Katara Hospitality bought two iconic Raffles properties in Singapore and Paris.
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