Qatari property developers have secured fresh funding for one of London’s highestprofile tower projects – the Shard of Glass at London Bridge – with the loan of an undisclosed sum from Qatari Diar, the state-owned real estate company.
As other London skyscraper projects are shelved, construction of the Shard – which at more than 1,000ft would be the tallest building in Europe – now looks assured. The development is led by a consortium of four Qatari companies plus Sellar Property Group.
Qatari Diar, owned by the emirate’s sovereign wealth fund, is not a consortium member. But it is connected with the Qatari companies involved, one person close to the project said.
Financial Times, Daily Telegraph