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Sunday, November 22 - 2009

Qatari Diar purchases United States Embassy building in London

Qatari Diar Real Estate Investment Company, an international leader in sustainable development, announced that it has agreed to purchase the building currently used as the United States Embassy located at 24 Grosvenor Square, London, from the United States Government.

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The agreement is conditional upon the United States being able to fully relocate to their new Embassy site in Wandsworth.

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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Notes and media contacts

About Qatari Diar Real Estate Investment Company:
Wholly owned by the Qatar Investment Authority, Qatari Diar Real Estate Investment Company was established in December 2004 to support Qatar's growing economy and to co-ordinate the country's real estate development priorities. Qatari Diar is currently involved in more than 30 projects in 18 countries around the world, including Qatar, France, Morocco, Oman, and Egypt.

Qatari Diar is becoming established as one of the world's most trusted and respected real estate companies because of its commitment to quality, local community, partnership and hallmark sustainability.

Qatari Diar's hallmark vision of sustainable development places community and local traditions at the forefront. The Company aims to create and manage property investments and developments which not only comply with the best international standards, but which also strongly reflect local culture and values. As a result, Qatari Diar's projects deliver a distinctive and sustainable social, economic and environmental benefit to the community. In addition, Qatari Diar often enables local and international developers and investors to partner in its projects, and to work together in exploring other opportunities, both locally and internationally.

For further information, kindly contact:
In the UK:
Rebecca Leach - Brown Lloyd James
+44 (0)20 7591 9610

In Qatar:
John Watts - Brown Lloyd James
+974 687 6682

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