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Mon 15 Sep 2014 10:58 AM

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Qatari Diar sued for $16.2m over stalled London redevelopment

Chelsfield confident outstanding matters can be resolved

Qatari Diar sued for $16.2m over stalled London redevelopment
Qatari Diar

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.

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