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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Canary Wharf, Qatar win approval for London Shell Centre Project

Posted on 22 May 2013

Canary Wharf Group Plc and Qatar’s sovereign-wealth fund won local-government approval to build 877 homes and eight office towers at the site of Royal Dutch Shell Plc (RDSA)’s London headquarters on the banks of the River Thames.
A joint venture between the fund’s Qatari Diar Real Estate Investment unit and Canary Wharf gained Lambeth Borough Council’s permission to construct eight buildings totaling about 76,000 square meters (820,000 square feet) of space and ranging from five to 37 floors at Shell Centre. The tower occupied by Shell since the 1960s will remain part of the development………………………………….Full Article: Source


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