Middle East

Qatar-backed luxury London townhouses on the market for $ 78 million-Doha News

Accommodation includes a spa with sauna, gym, cinema and other facilities.

London’s luxury townhouses, backed by the Qatar Investment Authority (QIA), will be on the market for up to $ 78 million. Representative of property developers Said The Wall Street Journal (WSJ) on Tuesday.

According to the report, QIA’s subsidiary Qatari Diar, in collaboration with British developers Christian and Nick Candy, purchased a Chelsea Barracks townhouse for about $ 1.9 billion in 2008.

This purchase is described as the most expensive real estate transaction in the UK.

Just around Located in London’s Belgravia district, the building is up to 13 acres and features seven bedrooms, a spa with sauna, a steam room, a gym, an approximately 40-foot swimming pool, a private movie theater and a wine room. ..

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The luxurious building also features a separate one-bedroom guesthouse and a terrace with breathtaking views nearby.

Upon entering the property, guests will be greeted by a classic staircase decorated with limestone and marble entrance halls, bronze details and steel blasters.

Speaking of WSJ Richard Oakes, Chief Marketing Officer of Qatari Diar, states that the house is about 33 feet wide and most traditional London Georgian townhouses are up to 23 feet wide.

Since the house is a free property, the owner buys the land beneath it rather than signing a long-term lease.

Townhomes have emerged as a result of plans to redevelop old military facilities in central London for over a decade.

Qatar-backed real estate is QIA’s other major investment in London, with the acquisition of luxury department store Harrods for approximately $ 2.3 billion. 2010-Became the fifth owner of Harrods since it was founded in 1840.

Qatar was in talks with the owner of London’s prominent department store Selfridges last year, but hasn’t released any updates on the purchase since.

Qatar also purchased Paris’ world-famous Printemps store through Divine Investments in 2013.
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https://www.dohanews.co/luxurious-qatari-backed-london-townhouse-to-go-on-the-market-for-78-mn/?utm_source=rss&utm_medium=rss&utm_campaign=luxurious-qatari-backed-london-townhouse-to-go-on-the-market-for-78-mn Qatar-backed luxury London townhouses on the market for $ 78 million-Doha News

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