| Dubai’s sovereign wealth fund is believed to be one of the frontrunners in the race to buy London’s prestigious Hyde Park Barracks and convert it into luxury apartments. The Investment Corporation of Dubai is providing funding for a consortium including British architects Dixon Jones, which produced the masterplan for the planned redevelopment of another former military property in London – Chelsea Barracks.
Hyde Park Barracks is home to the British Army's Household Cavalry and is owned by the UK Ministry of Defence (MoD). It was brought to market informally 18 months ago, although the MoD was quoted in the Daily Telegraph newspaper as saying it was “nowhere near ready to go to tender” and none of the interested parties has yet been asked to submit bids...............................................Full Article: Source
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