UK retail billionaire Richard Caring has reportedly beaten off 38 competitors to acquire the site of the US Navy headquarters in Grosvenor Square next to the US embassy in London for £250 mln (EUR 367 mln). The Sunday Times newspaper said he plans to build luxury apartments. This is the first time Caring, best known as owner of the exclusive Wentworth golf club in Surrey and The Ivy restaurant in the West End of London, has embarked on a major residential project in the UK, the paper said.
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