Monday, 7 July 2014

Abu Dhabi’s Mubadala considers purchase of historic London property – report - Banking & Finance - ArabianBusiness.com

Abu Dhabi’s Mubadala considers purchase of historic London property – report - Banking & Finance - ArabianBusiness.com:



"Mubadala, the Abu Dhabi state-owned investment vehicle, is eyeing up the purchase of a historic six acre site in Knightsbridge, according to a report in the UK.



The Sunday Telegraph reports that Hyde Park Barracks, the historic home of the Household Cavalry, is attracting the interest of Mubadala Development Company.



The UK Ministry of Defence is looking at options to sell the property, located in London’s West End, on the southern edge of Hyde Park. The estimated price quoted in recent media reports was £600m ($1.029bn)."



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