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QIA acquires Le Lido in Paris
- Qatar: Sunday, December 09 - 2012 at 05:03
Qatar Investment Authority (QIA) has bought the historic Le Lido at the Champs Elyseìes in Paris, France, PropertyEU has reported, citing market sources. The sovereign wealth fund bought the property from French private equity group LBO France for over €100m in cash, the sources said. Built in 1931, the art deìco scheme comprises the Lido site, the famous French cabaret, a UGC cinema over 10,000 sq m, as well as 5,000 sq m of offices.
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