Qatari sheikh plans London house sales
A Qatari sheikh whose son is bidding for Manchester United is considering selling two west London properties for a total of £370m.
Sheikh Hamad bin Jassim bin Jaber Al Thani, known as the ‘man who bought London’, plans to sell his One Hyde Park penthouse in Knightsbridge for £220m, as well as a property near Belgrave Square for £150m .
It is understood that the sheikh, who has a net worth of around £892 million, could decide not to sell if bidders reject his high asking prices, Bloomberg reported.
Between 2000 and 2013, the 63-year-old billionaire oversaw a series of high-profile investments in the capital, including Harrods and The Shard.
His son Sheik Jassim, 44, recently made a fourth last-minute offer for Manchester United.
Kingdom: Sheikh Hamad and One Hyde Park
A friend of King Charles, Al Thani was embroiled in a royal scandal last year after it emerged that he donated £2.5m in cash to the then prince between 2011 and 2015.
Clarence House said the sheikh’s donations were immediately transferred to one of Charles’s charities and all processes were correct.