The Following Quote From a Brit Newly ; City Spy

Summary


THE following quote from a Brit newly hired by the Qataris to help them run their UK real estate operations must surely be a dig at Nick and Christian Candy, the brothers who persuaded the oil- rich state to pay nearly Pounds 1 billion for the 13-acre Chelsea Barracks site in 2006. "We should no longer be regarded as dumb money," said Stephen Barter, a member of the property establishment who used to work for the Duke of Westminster before transferring his skills to an even richer boss in Doha.

"That is the message" he told a conference in London yesterday. No wonder the Qataris feel like klutzes -- the site which has become the centre of a stormy architectural debate featuring the Prince of Wales is worth no more than Pounds 500 million today.

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The Following Quote From a Brit Newly ; City Spy

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