Qatari Diar, and their development advisers Chelsfield, will continue to work closely with the United States Government to facilitate their move from Grosvenor Square.
Mr. Ghanim bin Saad al-Saad, Qatari Diar's CEO, commented:
"Qatari Diar is looking forward to creating the world class mixed-use development that such a landmark site deserves. The purchase of such a prestigious London property underscores the continuing importance of the UK market for Qatari Diar. We will continue to build our long-term relationships and investments in the UK in a way that is in keeping with local culture and values."
Qatari Diar currently has invested more than £3bn in the UK, and has recently said that it is willing to increase this figure to £5bn or more as part of its long-term commitment to the country.
Qatari Diar is currently involved in two of London's largest real estate developments: Chelsea Barracks and the Shard Tower.
QInvest LLC, Qatar's leading investment bank, acted on behalf of Qatari Diar as sole financial adviser on this transaction.
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