Qatari investors eye more projects - commercial mortgages

15 May 2008

In news which may interest those thinking of taking out commercial mortgages, overseas backers behind a major new commercial property project in London have indicated they remain confident in the capital''s market.

Chairman of Qatar Islamic Bank Sheikh Jassim bin Hamad bin Jabr Al Thani, one of the London Bridge Consortium investors from the middle-eastern country which is behind the Shard Tower project, said the project was a clear signal that the group believed the future was bright despite the current issues with the credit crunch, reports Property Week.

He said: "Our investment in this project underlines our confidence, not only in the real estate market but also in the wider United Kingdom economy."

The chairman added that the £2 billion investment in the Shard was not likely to be the consortium''s last foray into London commercial property as it would look for other projects that were "similarly as unique".

Another location which may be a good prospect for further investment is Boscombe.

The Bournemouth resort is expected to attract new investment as a result of the construction of an artificial surf reef, which could make it a major centre for the sport, the Retail Bulletin reports.