Financial Times FT.com

Sheikh is backer for One Hyde Park

By Jim Pickard, Property Correspondent

Published: February 20 2007 22:49 | Last updated: February 20 2007 22:49

The sheikh whose investment group recently bought a 1 per cent stake in J Sainsbury has been revealed as the financial backer of One Hyde Park, the world’s most expensive block of flats.

Candy & Candy, the development managers overseeing the £1.5bn London scheme, had until now not revealed the identity of their financial partner for the project.

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