UK property tycoon Simon Halabi is reportedly set to sell his one-third stake in the troubled Shard of Glass skyscraper project. The Syrian-born investor is understood to have received a £30 mln cash offer from some Qatari investment funds for his interest in the site over London Bridge station. Here plans are to build a 310-m tall glass-covered skyscraper which would be worth up to £1.4 bn on completion in end-2012.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
