16.08.2011 - Qatari SWF defeats Wellcome Trust in bid for London Olympic Village
A joint venture involving the Qatari sovereign wealth fund's $1bn (€690m) property subsidiary has acquired London's Olympic Village for £557m, defeating a rival £1bn bid headed by the UK's Wellcome Trust to buy the freehold of the Olympics site. The deal will give Qatari Diar and joint-venture partner UK developer Delancey an equal stake in 1,439 residential units next to the Olympics site, as well as six plots with development potential for 2,000 additional units..............................................Full Article: Source
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