Dubai’s International Hotel Investments buys London Real Estate
February 8, 2008
International Hotel Investments (IHI) bought prime west London property from the England Queen’s portfolio, the monarch’s property managers announced on wednesday, according to AFP. The Crown Estate announced that it had sold the Metropole building and 10 Whitehall Place to a consortium led by IHI for 255 million dollars. IHI is a Malta-based investment vehicle, backed by an investment arm of the Dubai government.
According to The Crown Estate, the 37,150 square metres of available space will be refurbished into a 283-room five-star hotel, along with luxury apartments, overlooking the River Thames.
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Eric Hundin
[…] Dubai’s International Hotel Investments buys London Real Estate International Hotel Investments (IHI) bought prime west London property from the England Queen’s portfolio, the monarch’s property managers announced on wednesday, according to AFP. The Crown Estate announced that it had sold the Metropole building and 10 Whitehall Place to a consortium led by IHI for 255 million dollars. IHI is a Malta-based investment vehicle, backed by an investment arm of the Dubai government. According to The Crown Estate, the 37,150 square metres of available space will […]