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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatar puts $4.7bln London project on hold

Posted on 30 January 2013

Qatar has put its largest single investment in London, the GBP£3bn (US$4.7bn) Chelsea Barracks housing development, on hold, citing concerns about the UK economy.
A spokesperson for Qatari Diar, the property investment arm of Qatar’s sovereign wealth fund, confirmed the project, which Prince Charles lobbied to be built in his preferred architectural style, was under review. “The strategy is under review,” a Qatari Diar spokeswoman said………………………………………..Full Article: Source


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