Qatar insists $4.7bn Chelsea Barracks still on

Qatar has insisted that a US$4.7bn plan to build hundreds of luxury properties at London’s Chelsea Barracks will go ahead, a newspaper said, despite reports that it had been postponed.
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It was last week reported that Qatari Diar, the property investment arm of the oil-rich emirate’s sovereign wealth fund, was reviewing the project because of concerns over the UK economy.
UK daily The Guardian reported that while the project, which was to include 450 luxurious residences and 123 affordable homes, could still be built, “they could sell [the site] any time”.
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“[The developer] will take their time and see how the numbers stack up in due course,” the newspaper quoted a source as saying.
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Read more: http://www.arabianbusiness.com/qatar-insists-4-7bn-chelsea-barracks-still-on-488471.html