Saturday, 14 November 2009

Candy brothers turn sour on Qatari royals over dropped Chelsea project

Nick and Christian Candy, the developers of apartments for the super-rich, are heading for a high court clash with the Qatari royal family following the withdrawal of plans for the UK's most expensive residential scheme at Chelsea Barracks.

CPC Group, the development group run by the Candy brothers, has lodged a claim against Qatari Diar Real Estate Investment, the property company backed by the emirate of Qatar, a long-time business partner of the UK developers.

The pair were planning to develop the former 12.8-acre Chelsea Barracks site near Sloane Square in west London into a £3bn luxury apartment complex designed by Lord Rogers.

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