Canary Wharf Group Plc and Qatar’s sovereign-wealth fund won approval from Communities Secretary Eric Pickles to build almost 900 homes and about 75,000 square meters (800,000 square feet) of offices at Royal Dutch Shell Plc’s London headquarters on the banks of the River Thames.
London Mayor Boris Johnson’s plans to alleviate the city’s worsening housing shortage don’t go far enough and he’ll have to push boroughs harder to allow denser construction and make more land available, according to a U.K. homebuilders group.
Qatari Diar Real Estate Investment Co., part of the emirate’s sovereign-wealth fund, deleted e-mail evidence and let witnesses lie during a trial over a botched deal to build luxury apartments at London’s Chelsea Barracks , U.K. developer CPC Group Ltd. told a judge.
The real-estate investment arm of Qatar’s sovereign-wealth fund wrongfully backed out of a deal to redevelop London’s landmark Chelsea Barracks site after the plan was opposed by Prince Charles, a judge ruled.
Qatar’s sovereign-wealth fund is liable for at least 12 million pounds ($18 million) more in taxes on an affiliate’s purchase of the Chelsea Barracks London luxury-housing development, a U.K. tax tribunal ruled.
The real-estate investment arm of Qatar’s sovereign-wealth fund considered ignoring opposition from Prince Charles over its plan for a London luxury apartment complex, saying the heir to England’s throne had failed to stop other developments he didn’t like.
Qatari Diar Real Estate Investment Co., a unit of the emirate’s sovereign wealth fund, is unlikely to win a suit over plans for an apartment complex at London’s Chelsea Barracks unless the emir of Qatar testifies at a trial.