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Qatar's record bet on London homes sees close to £700m of sales

Chelsea Barracks deal pays off 14 years later despite controversy, costly redesign, split with co-developer

Published Fri, Dec 17, 2021 · 05:50 AM

London

It was a real estate deal that broke UK price records, while sparking controversy that led to a royal objection, a costly redesign and a hostile split with the co-developer. But almost 14 years and a market slump later, there are signs of progress for Qatari Diar Real Estate Investment's Chelsea Barracks.

Properties worth about £200 million (S$362 million) have been sold in the west London project this year, taking the total to about £683 million, according to a spokesperson for Chelsea Barracks.