Qatar First Bank (QFB) has announced the completion of Leinster Square residential real estate development in London.
The project, which is QFB’s second completed development in London, offers shareholders and clients an opportunity to invest in five, three and four bedroom townhouses and six lateral three bedroom apartments. The building benefits from southerly views and access to a private garden square, very rare in central London.
QFB acquired the building in 7-12 Leinster Square in August 2012, when it was a neglected, derelict hotel. Over the last four years, QFB has worked with the development manager, London-based Alchemi Group, to rebuild and restore the building to its former Victorian glory.
“The completion of our second residential real estate project in London complements the development of QFB’s pioneer open architecture platform. The platform is backed by our talented and highly experienced team who are well-equipped to meet the individual needs of our clients with high levels of confidentiality, professionalism and responsibility,” Nizar Ahmadi, QFB’s head of Private Banking and Wealth Management, said.
Scott Strachan, executive director (Alternative Investments) at QFB in charge of real estate projects, said the development is minutes away from Hyde Park and has excellent transport links, to both the underground and Paddington station, which provides access to Heathrow and Crossrail. It also benefits from 24/7 concierge services and all the homes have at least three bedrooms, which make them suitable for Qatari families.
“Reflecting the demand for these investments, the project only has two apartments left for investment on the top, fourth floor, of the building and five townhouses,” he said.
The townhouses consist of accommodation on the first floor of the building, the ground floor, lower ground floor, and basement and all have private terraces at the rear of the building as well as their own entrance and access to the private garden square, which has also been restored and replanted with lawns, flowerbeds and recreation areas.
QFB, earlier this month, announced the signing of an agreement with JLL, in order to offer shareholders and clients the ability to source real estate opportunities based on their specific requirements and budget.