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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatari Diar puts Chelsea Barracks scheme on hold

Posted on 31 January 2013

Qatari Diar was left pondering its options about what to do with one of the world’s most expensive housing schemes. The property arm of the Qatari sovereign wealth fund announced it had put its US$3 billion (Dh11.02bn) Chelsea Barracks project in prime central London on hold because of doubts about whether the scheme of 448 luxury flats would financially stack up.
Qatari Diar said it was “currently refining its strategy for the development of this unique site to progress and realise its vision for this important part of London”……………………………………….Full Article: Source


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