• Buyers chase London trophy
Middle East investors are in competitive talks to buy a new luxury London hotel. Sovereign wealth funds from Kuwait and Qatar are keen to acquire the Great Scotland Yard project from developer Galliard, reports the London Telegraph. 

The 235 room hotel could be worth up to GBP200m once completed. It is due to open in 2016, following conversion of the historic building.
Read the full story here:
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/10917347/Middle-East-investors-eye-old-Scotland-Yard-hotel-plans.html
 
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