By Staff writer
Chelsfield confident outstanding matters can be resolved
The Qatari Diar is being sued for $16.2m (£10m) by its partner over the stalled redevelopment of the US embassy in London.
The Financial Times reports that property developer Chelsfield Partners has lodged a claim in London’s High Court against Qatari Diar over the sum alleged to be owed under the terms of a contract signed in 2009 to redevelop the Grade II-listed building in Grosvenor Square.
A spokesperson for Chelsfield told the Financial Times that they “are confident that any outstanding matters can and will be resolved”.
Chelsfield and Qatari Diar bought the US embassy building – known as the Chancery – back in 2009.
The US has started developing its new embassy in Nine Elms, south London, with redevelopment of the Chancery building due to begin in 2018.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.