Kuwait to buy London real estate development for USD2.8b

(MENAFN) The property division of the Kuwaiti government has reached a USD2.8 billion deal buying a London real estate development, Arabian Business reported. London Bridge Holdings said: "This transaction underscores the success of London Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business centre." The development is set in a new business community in a famous location. The site includes City Hall and the headquarters of the London Mayor, in addition to a sunken amphitheatre, offices, shops, restaurants, cafes and a pedestrianized area.