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Sovereign Wealth Funds Briefing - Categorized | Market

Qatar to turn US Embassy in London into a hotel

Posted on 21 November 2016

Authorities in London have approved Qatari Diar’s plans to convert the erstwhile US embassy building in Mayfair’s Grosvenor Square into a luxury hotel. The firm, which is the property development arm of sovereign wealth fund Qatar Investment Authority, bought the listed building in 2009.
The United States of America will move its diplomatic presence from the site to Vauxhall. The plans approved by Westminster Council, will see two new floors added to the listed building, with floor space nearly doubling to 45,000m2……………………………………Full Article: Source


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