Image by Getty Images via DaylifeIn my post on the Candy brothers, I said how clever they were to put in a clause so that when their banking partner went belly-up, they could take over the 50% share for free or thereabouts. I was a bit off the mark because it looks like the people who fund the Candy brothers have a similar clause and now have taken control of the projects leaving the Candy’s to manage the developments.
Who else but our friends from the Middle East? Qatari Diar has taken full control of the 12.8 acre Chelsea Barracks site and acquired the duos stake in the separate Grosvenor Waterside development. So the cold winds from Iceland have met the warm current from the Gulf. Barclays first, now the Candy Brothers and more to come I guess.
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