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FINANCIAL NEWS
Dubai fund to purchase London’s Hyde Park Barracks
03 Jun 2015
(MENAFN) The Sovereign Wealth Fund of Dubai is presently targeting London’s esteemed Hyde Park Barracks as a prospect acquisition and is considering converting it into luxury apartments, Arabian Business reported.
Dixon Jones, the British company, has been chosen as the consortium that will implement the redevelopment process, while the financing is due by the Investment Corporation of Dubai. Jones has been reported that it has been involved in similar projects before.
Hyde Park Barracks is home to the British Army’s Household Cavalry and is owned by the UK Ministry of Defense (MoD). The much esteemed venue has been targeted by many buyers throughout the years.
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