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March 7, 2019

It Is The Most Expensive Piece Of Land In British History. Will Qatari Diar Make Money On Chelsea Barracks?

Ten years ago this June, Qatari Diar withdrew its plans to build more than 500 luxury flats at Chelsea Barracks, the 13-acre former army garrison next to the site of the famous Chelsea Flower Show. That left the group with a £1B hole in the ground and no certainty over what to do with it.

This week, the company broke ground on the fourth of six phases at Chelsea Barracks. There can be few schemes anywhere in the world that have seen so many ups and downs.

Will the scheme make a profit? Bisnow can reveal sales values that indicate the scheme’s finances look a lot better than they did in 2009.

It Is The Most Expensive Piece Of Land In British History. Will Qatari Diar Make Money On Chelsea Barracks?

Qatari Diar remains resolute — Richard Oakes of the normally silent sovereign wealth fund told Bisnow that as a long-term investor, it is comfortable riding out the cycles with a scheme it hopes will become part of the fabric of London. The world has changed immeasurably from that point in April 2007…

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Forget What You Heard: The Wall Of Capital Targeting Real Estate May Not Actually Be That Big

Stick “real estate wall of capital” into Google and you find plenty of studies and articles saying there is a ton of money looking to invest in the real estate sector, which will help to support asset prices. 

The amount of “dry powder” — equity raised but not spent — held by private equity funds and institutional investors’ desire to increase allocations to real estate are normally cited. 

But one research firm isn’t buying it. In a new note, “About That Wall…” Green Street Advisors says the amount of equity targeting the sector is not as big as is often made out. If it was, growth in transaction volumes and asset values would have been stronger over the past three years, it said. 

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Many Authors, Many Pens: Olympia’s New Owner Talks Strategy On Making A 130-Year-Old Building Timeless
PRESENTED BY:   Yoo Capital
 
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Placemaking — the art of taking a massive public space and transforming it into something new — is inherently risky. First is the risk of financial failure. Placemaking requires sizeable investments of capital in new buildings, infrastructure and green space. Once the space is complete,…

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Normally that result would make me sad, but anything that stops carbon dollars winning the European cup is a good thing. mike.phillips@bisnow.com
 
 
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