Qataris urged to 'start work or sell up' in Chelsea

Qatari developers of the stalled £3bn Chelsea Barracks real estate project have been told to “start work or sell up”.

The London site, bought for almost £1bn six years ago, is still a wasteland 18 months after Qatari Diar won planning permission from Westminster Council.

In comments published by London's Evening Standard, the authority’s housing chief Jonathan Glanz urged Qatari Diar to deliver the 120-plus affordable homes and £78m cash contribution it promised.

Glanz told the Standard: “Until there is a substantial start, that money is not going to come over and that is a concern. We would say ‘do it or don’t do it’ and if you’re not going to do it let someone else come along and take up the cudgels.

http://www.arabianbusiness.com/qataris-urged--start-work-sell-up-in-chelsea-488025.html