Thursday, 3 February 2011

Qatar joins Canary Wharf in bid for £300m Shell HQ - Real Estate - ArabianBusiness.com

Qatar has entered a joint £300m ($485.7) bid with London’s Canary Wharf Group to buy up the site of Shell’s headquarters in the UK capital.

The Gulf state will compete with bidders including Land Securities, the UK’s largest real estate trust, which has paired with Berkeley Homes, and Helical Bar with Aviva and Native Land, the UK’s Financial Times reported.

Private sector bids include one from Chelsfield, led by Sir Stuart Lipton, with London & Regional, the property company of Ian and Richard Livingstone, the wealthy property entrepreneurs, the report said.

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