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Article: Qatari investment fund to buy US Embassy in London
- Article from:
- AP Worldstream
- Article date:
- November 3, 2009
- Author:
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The U.S. government said Tuesday it has agreed to sell its vast London Embassy building to a Qatari government-owned company.
The embassy said the State Department had signed a deal to sell the 600-room Chancery building to the Qatari Diar Real Estate Investment Co., the Gulf state's property investment fund.
The embassy announced plans last year to move from central London's Mayfair district to a new high-security building south of the River Thames.
The winner of a design competition is due to be announced next year, and officials hope the building will be completed by 2017.
The current embassy, a concrete-and-glass building by modernist architect Eero Saarinen, ...