Tuesday 17 January 2006 11.36am
I recall being told by an estate agent that Chambers Wharf is owned by 'the Kuwaitis', whatever that may mean.
I think that with the postwar consolidation of the various wharf companies, Chambers Wharf ended up as part of the Hays Company's estate - also the former owners of Hays Wharf and all of the site now occupied by London Bridge City.
The Kuwaiti Investment Office bought a minority share in Hays in 1975 and gained full control in 1980. AFAIK when they sold on the business interests (of what is now Hays plc, the business services company) they kept all of the Thames wharf properties, although I think they sold on their interest in the site that became the "More London" development.
As they are the representatives of the Kuwait Royal Family, I think the KIO is still exempt from all UK taxation.
claims that all of the property asses were sold in the 1980s, but it wouldn't surprise me if some sites are held by other wholly owned subsidiaries of the KIO.
Edited 1 times. Last edit at 17 January 2006 11.42am by Lang