Qatari Diar unit acquires Barwa City for $2.08bn

May 11, 2014 10:29 am

Qatar’s Barwa Real Estate Co has said it has sold its Barwa City project to Labregah Real Estate Co, a wholly-owned Qatari Diar Real Estate Investment Co subsidiary, in a deal worth QR7.57bn ($2.08bn), Gulf Times has reported. The transaction is subject to conditions and the purchase price subject to adjustment, Barwa said.