Mideast Royals Invest $680 Million In London Developer Regal

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Arada Developments, co-owned by the son of Saudi Arabian Prince Alwaleed bin Talal and a member of Sharjah’s royal family, is investing 2.5 billion dirhams ($680 million) in a London real-estate developer as it expands its operations into developed markets.

Arada will have a 75% stake in London’s Regal, which has a development pipeline of homes across the UK, the Sharjah-based firm said in a statement.

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