A Qatari state company is in talks with Britain's Ministry of Defence to acquire Chelsea Barracks in London. Qatari Diar Real Estate and Investment is conducting the talks, Qatari foreign minister Sheikh Hamad bin Jassim told the Trade Arabia business information news website has reported, Sheikh Hamad is also the chairman of Qatari Diar. He did not disclose any financial details.
A Qatari state company is in talks with Britain's Ministry of Defence to acquire Chelsea Barracks in London. Qatari Diar Real Estate and Investment is conducting the talks, Qatari foreign minister Sheikh Hamad bin Jassim told the Trade Arabia business information news website has reported, Sheikh Hamad is also the chairman of Qatari Diar. He did not disclose any financial details.
In October, Westminster City Council approved plans to raze the current buildings at Chelsea Barracks to make way for some 1,500 homes, shops and offices.
The barracks could be worth about £250 mln (EUR 370 mln), Martin Lloyd, the property arm of the Ministry of Defence, told UK newspaper London Evening Standard.
