Controversial Chelsea Barracks scheme on hold as UK economy stalls
The 'super-prime' site of the former Chelsea Barracks. Richard Rogers' original design led to a controversial intervention by Prince Charles, who urged the Qatari emir to opt for a more traditional look. Photograph: Martin GodwinQatari Diar, emirate's property arm, puts London's £3bn Chelsea Barracks project under review amid doubts over plan's viability
Qatar has put its biggest single investment in London on hold, citingconcerns about the British economy. The gas and oil-rich state has placed the £3bn Chelsea Barracks housing development under review and a source close to the project said that while it could still go ahead, one option was to sell the site without building what has been dubbed a "Gucci ghetto" of 450 luxurious residences and 123 affordable homes.