Compare Listings

Qatari Venture Wins Approval for Almost 1,000 London Homes

Qatari Diar Real Estate Investment Co. venture won approval to build almost 1,000 homes in the U.K. capital’s Elephant and Castle district.

Southwark Council approved the revised plans to replace a shopping mall with apartment towers, a new college campus and stores late on Tuesday. Investor Delancey, Dutch pension fund APG Asset Management NV and the Qatari sovereign-wealth fund’s property development unit will develop the project using their firm Get Living.

Rentals have been drawing international investors and retirement funds after London’s property boom made homes unaffordable to most people living in the city. The full plan for the plot also includes stores, restaurants and bars, a live music venue, exhibition space and offices.

The Mayor of London now has the right to review the plans and Historic England, a public body, is weighing an application to list the building for preservation before construction can start.

 

Source: https://www.bloomberg.com/news/articles/2018-07-04/korea-fund-is-said-to-be-lead-bidder-for-goldman-s-new-london-hq

img

cnembhard

    Related posts

    Luxury is a Moving Target, Developer Says

    Shahab Karmely sees the biggest ‘take a pause’ moments coming from New York right...

    Continue reading
    by cnembhard

    House Prices in London’s Dulwich Rose 1,150% in Two Decades

    House prices in the south London neighborhood of Dulwich rose 1,150% between January 1995 and...

    Continue reading
    by cnembhard

    Five places to invest in London right now

    The property market in London has changed massively over the last few years and it’s hard to know...

    Continue reading
    by cnembhard

    Join The Discussion