QFIB to convert Central London hotels into residential apartments

17 Sep, 2012

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Qatar First Investment Bank has acquired two properties in Central London with the intention to convert them into high-end luxury residential apartments. The two properties are The Leinster Inn Hotel at Leinster Square, and Westbourne House, Westbourne Grove, London. QFIB has acquired the properties in association with a consortium of investors from the GCC.

"Due to the growing global demand for London's prime residential property sector, these deals presented themselves as an attractive opportunity for QFIB to enter the UK market," said Emad Mansour, CEO of QFIB. The Leinster Inn is a grade II building that dates back to 1857. Westbourne House features 35,047 square feet of office and retail space.

Topic : Qatar First Investment Bank, London
External Source : Menafn