The owners of London’s £3 billion Chelsea Barracks redevelopment have placed the project on hold
More from: Chelsea barracks ‘under review’
The developer behind the high-profile 5.2 hectare regeneration is ‘refining its strategy’ in light of the ‘prevailing economic environment’ – according to a Qatari Diar spokesperson.
The latest twist comes almost a year and half after the controversial scheme won outline planning.
Featuring 450 luxury homes and 123 affordable dwellings, the high-profile masterplan was designed by Dixon Jones, Squire and Partners and Kim Wilkie Associates.
The design team was appointed after Richard Rogers was sacked from job after Prince Charles complained the design was ‘brutalist’.
A Qatari source told The Guardian: ‘It now seems a huge gamble to deliver all of this. [The developers] will take their time and see how the numbers stack up in due course.’
The source said the developers could ‘sell [the site] any time.’