London skyline Shard
Shard, Britain’s tallest structure, is possessed by Qatar.

LONDON (CNNMoney)

China, Qatar as well as Kuwait are purchasing London residential properties.

The city’s real estate has actually brought in four times much more capital compared to New York– the Number 2 choice of international governments.

Sovereign wealth funds, handed over $8.9 billion for residential properties in London in the previous year. London alone comprised 44 % of realty financial investments of all international federal government cash via their sovereign funds, according to research by Real Resources Analytics, a real estate research firm.

Qatar was the top spender, with Kuwait, China and also Norway close behind.

The Qatari sovereign wide range fund possesses several of London’s most famous landmarks consisting of the E.U.’s highest building, the Fragment, Harrods division shop, and also the Olympic town. In the prior 3 years, the oil country has actually invested $6.3 billion on London realty.

London City Hall
London’s City Venue is possessed by the Kuwaiti federal government.

China is likewise putting money into London. It paid $1.2 billion for the Chiswick Park workplace development, the home of offices of multinational firms like Discovery (DISCA), Starbucks (SBUX) and Paramount (PGRE).

Related: The $240 million apartment: London’s residential property craze

Kuwait spent $2.7 billion on the 13-acre More London, a development on the south bank of the river Thames and consists of the bulbous-shaped head office of London’s mayor Boris Johnson.

Norway bought a stake in the 400-year-old Plant pollen Estate in the classy Mayfair section, the home of the likes of Ralph Lauren and Chopard. The country paid $544 million to the Church of England for a 57.8 % slice of the estate.

Lodon real estate map
Secret London realty possessed by foreign governments.

Simon Mallinson, a taking care of supervisor at Real Capital stated the study showed that London’s “prize structures” have a tendency to have normal turnover.

“(London is) Europe’s biggest and most liquid actual estate investment market,” he claimed.

Manhattan can be found in a distant second with $2.3 billion worth of genuine estate investments from international federal governments, while Los Angeles was third with $1.5 billion.

Related: Hong Kong buyers send London property rising