Dec 22 2011 |
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Barwa RE, Qatar Petroleum Ink Deal For Financial District
Thursday, Dec 22, 2011
(This story was originally published Wednesday.)
DOHA (Zawya Dow Jones)--Barwa Real Estate Co. (BRES.DO), Qatar's largest developer by revenue, said Wednesday it finalized the sale of its 11 billion Qatari riyal ($3.02 billion) Barwa Financial District to state-run Qatar Petroleum , or QP .
QP is expected to relocate its headquarters to the Barwa Financial District and start occupation by 2015, Barwa said in a statement.
The 696,000-square-meter Barwa Financial District is located in the West Bay area of Qatar's capital, Doha.
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
22-12-11 0359GMT
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