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

Qatari Diar wins planning permission for Chelsea Barracks

Posted on 22 June 2011

Developer Qatari Diar last night gained planning permission by Westminster Council last night for its residential scheme at Chelsea Barracks. Qatari Diar is wholly owned by the Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, which is estimated to hold in excess of $60 billion of assets.
Under the new terms, there will be 123 affordable homes out of the 448 new homes that will be built in total on the 13 acre site, in addition to the £78m payment that Qatari Diar will pay the council for not having to build more affordable housing units……………………………………….Full Article: Source


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