Qataris taking over London?
London attracted more Qatari investors by showcasing its “well-kept secret” – Fitzroy Place, a prime central London property with 235 private apartments.
Qataris are becoming increasingly interested to own residential properties in London due to a mix of motivations.
The trend was also reflected in the Qataris’ response for the exhibition of Fitzroy Place – a prime central London project, which is expected to be open doors in September 2014. The reaction from Qataris has been very pleasing, said the director of residential development sales at Savills London, Julien Mills, who was in Doha this week to showcase the Fitzroy Place. “More people than I expected understand this location within London,” he added.
Many Qataris, he said, have already selected the Fitzroy Place apartments while others have planned to visit the property to close the deals.
The attention of Qatari investors for Fitzroy Place is also because of the global appeal of the project. “This is the first project of this size and stature in this location for over 50 years,” said Mark Collins, executive director of CBRE London.
With 235 private apartments, the property is located close to top educational institutes like the University College London, King’s College London, the London School of Economics and the University of Westminster, while still providing a quiet environment, making it what Mills calls a “well-kept secret”.
The project also offers 300,000 sq. ft. of retail and restaurant space as well as educational facilities and public open space. The chapel, which is retained from the old building, will be used as a venue for recital and gallery exhibitions etcetera.