Qatari Diar Settles Chelsea Barracks Suit With CPC
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The real-estate investment arm of Qatar’s sovereign-wealth fund settled a lawsuit with U.K. developer CPC Group Ltd. over a failed deal to redevelop London’s landmark Chelsea Barracks site.
CPC, controlled by entrepreneur Christian Candy, accused Qatari Diar of wrongfully backing out of the deal to avoid upsetting Prince Charles, who had complained about the plan’s design. Under the settlement, Candy dissolved his interest in the deal and apologized for “any offense” caused by bringing the Prince of Wales into the case, the companies said today.