Breaking News

Tweet TWEET

Qatari Diar to Fund Development of Chelsea Barracks From Own Cash, FT Says

Qatari Diar Real Estate Investment Co. will use its own cash to fund the development of the former Chelsea Barracks in London and has bought out a loan of more than 1 billion pounds ($1.6 billion) which was used to buy the site, the Financial Times reported, citing Stephen Barter, chief executive officer.

To contact the reporter on this story: Ben Martin in London at bmartin38@bloomberg.net.

To contact the editor responsible for this story: Ben Livesey at blivesey@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.