Qatari Diar Real Estate Investment Company, the property arm of Qatar's sovereign wealth fund, is providing much needed finance to enable the development of the Shard tower in London to proceed. The 72-storey Shard, designed by Renzo Piano, will be the tallest building in the UK when completed, but the credit crisis has slowed the financing of the £1 bn (EUR 1.1 bn) project.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
