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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Canary Wharf Group and Qatari fund reveal GBP1bln London project

Posted on 14 December 2012

UK property developer Canary Wharf Group Plc and Qatari Diar Real Estate Investment Co, the property investment arm of Qatar’s sovereign wealth fund, have announced plans to the ‘Braeburn Estates’ project, consisting of offices, up to 790 homes and a number of shops at the Shell Centre site on London’s South Bank, capitalising on surging prices and rising rents in the UK capital, Bloomberg reported on 13 December 2012.
Canary Wharf, which controls the financial district of the same name, and Qatari Diar will spend more than £1 billion including the cost of the land between Waterloo Station and Hungerford Bridge purchased last year, to redevelop the area on the south bank of the River Thames………………………………………..Full Article: Source

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