Qatar: Shard owner sued

Qatari Diar, the owner of the Shard skyscraper in London, is being sued for £10m by its partner on the redevelopment of the US embassy in London because the project has ground to a halt. According to a report in London’s Financial Times newspaper, property developer Chelsfield Partners, which has lodged a claim in London’s High Court, alleges it is owed the sum under the terms of a contract the pair signed in 2009 to redevelop the Grade II-listed building in Grosvenor Square. This is the second time Qatari Diar, a subsidiary of Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), has faced a legal battle with one of its London development partners.