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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Canary Wharf, Qatar buy most of Shell’s London campus for $490 mln

Posted on 29 July 2011

Royal Dutch Shell Plc (RDSA) sold most of its London headquarters campus to Canary Wharf Group Plc and a unit of Qatar’s sovereign wealth fund for 300 million pounds ($490 million).
Canary Wharf, which developed the former docks in east London of the same name, and Qatari Diar Real Estate Investment Co. bought Shell Centre to redevelop the 5.25-acre (2.12 hectares) site near Waterloo railroad station into offices, shops and apartments, according to a statement. Shell’s 27-story office tower at the center of the complex wasn’t included……………………………………….Full Article: Source


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