A consortium led by state-owned Qatari Diar Real Estate Investment has purchased the Chelsea Barracks in London for $1.91 billion, the consortium announced n Thursday. Britain's Defense Ministry closed the sale of Chelsea Barracks, former home of the Public Duties and State Ceremonial personnel and a prime development property in Westminster.
Qatari Diar holds a majority in the consortium with its partner Christian Candy. Qatari Diar is owned by the Qatar Investment Authority.
