By Joanne Bladd
Waterloo site is one of the most sought-after development locations in London
Qatar has entered a joint £300m ($485.7) bid with London’s
Canary Wharf Group to buy up the site of Shell’s headquarters in the UK capital.
The Gulf state will compete with bidders including Land
Securities, the UK’s largest real estate trust, which has paired with Berkeley
Homes, and Helical Bar with Aviva and Native Land, the UK’s Financial Times
Private sector bids include one from Chelsfield, led by Sir
Stuart Lipton, with London & Regional, the property company of Ian and
Richard Livingstone, the wealthy property entrepreneurs, the report said.
The Shell Centre’s 5.25-acre Waterloo site is one of the
most sought-after development locations in London. The three buildings are to
be redeveloped into a mixed-use scheme, including new corporate offices for
If successful, the site would become the latest asset in Qatar's already
extensive London property portfolio. The gas-rich emirate own assets including
London Bridge Tower, Chelsea Barracks and the US embassy building in Grosvenor
Qatari Diar, the real estate arm of Qatar’s sovereign wealth
fund, in December said it would enter a bidding race to buy and manage half of
the Olympic Village in London.