A Qatari prince sells a Parisian mansion for 305 million dollars

A Parisian mansion owned by Qatar’s Prince Abdullah bin Khalifa al-Thani has been sold for 200 million euros ($305 million) to French billionaire Xavier Niel in one of the biggest private property deals ever in the capital French, according to a Bloomberg report.

The deal for the 380-year-old Hotel Lambert, which is a mansion, beats the 100 million euros that would have been paid for another establishment, the Hotel de Soyecourt.

Niel, the founder of French telecommunications group Iliad, is said to be considering using the 43,000 square foot property as a cultural foundation rather than living there himself.

The mansion, first built for the financier Jean-Baptiste Lambert de Thorigny, also belonged to the Polish princess Anna Czartoryska and Guy de Rothschild.

It is located on the edge of the Ile Saint-Louis, one of the two natural islands of the Seine in Paris.

The property was sold to the Qatari prince in 2007 for 60 million euros.

(Reporting by Imogen Lillywhite; editing by Cleofe Maceda)

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