Europe Economy
Persian Gulf to Continue Investing in U.K. After Brexit Vote
Investors view market reaction to Brexit vote as a buying opportunity
View of Tower Bridge and the Shard in London. Qatar's wealth fund owns almost all of the Shard, the U.K.'s tallest skyscraper, and it owns the Olympic Village, the Canary Wharf complex and several other developments—making it one of London's biggest landlords.
Photo: Reuters
Nicolas Parasie
@NicolasParasie
nicolas.parasie@wsj.com
June 26, 2016 8:20 am ET
DUBAI—Many Persian Gulf investors, among the most prolific buyers of British real estate and companies in recent years, said they would continue to invest in the country even as the plunge in the pound and stocks after the Brexit vote has eroded the value of their existing holdings.
Investment manager Rasmala, which predominantly caters to high net-worth clients from the Gulf, says the U.K. referendum's outcome hasn't affected the country's economic appeal to overseas investors.