In late 2007, the gathering uncertainty in the global financial markets sparked concerns about the viability of the Shard. However, in January 2008, Sellar announced that it had secured funding from a group of Qatari investors, who had paid £150 million to secure an 80% stake in the project. The consortium included Qatar National Bank, QInvest, Qatari Islamic Bank and the Qatari property developer Barwa Real Estate, as well as Sellar Property. The new owners promised to provide the first portion of finance, allowing construction of the tower to begin. In 2009, the State of Qatar consolidated its ownership of London Bridge Quarter, including the Shard, through the purchase of the private Qatari investors' stakes. Today, London Bridge Quarter is jointly owned by the State of Qatar and Sellar Property.
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