Home News HULT Private Capital Celebrate Dubai Based GII Group’s Acquisition of ex-Chelsea Police Station
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

HULT Private Capital Celebrate Dubai Based GII Group’s Acquisition of ex-Chelsea Police Station

by jcp

The Emirates based Gulf Islamic Investments (GII) Group have announced they have secured funding  for the redevelopment of the prime Chelsea site at 2 Lucan Place, a converted police station formerly sold by the Met for £40 million in 2015.

The GII Group manage $3 billion on behalf of clients, including high net worth individuals, banks and  sovereign wealth funds. Co-CEO, Mohammed Al Hassan, described the move as “a key milestone for  us in the growth of our UK business.”

The plans reveal GII is set to transform the seven-storey building into 31 luxury apartments,  alongside two commercial spaces. The development will also boast a private gym, concierge and  valet parking.

HULT Private Capital’s Amrit Singh said “the acquisition of 2 Lucan Place to GII is fantastic news for  the London property market. It is the latest announcement in a sure sign of international investment  returning to the capital and the market regaining its strength.”

Recent studies by online property portal, Zoopla, have shown London rents have risen 11 per cent  over the past year; news that will undoubtedly be welcomed by investors of developments such as  Lucan Place.

The team at HULT Private Capital, who have offices in both London and Dubai, have recently  welcomed a wave of new investors into their property fund, with many existing clients choosing to  increase their position to benefit from the market movements. “We commented last year on the  extraction of money from the capital, as many foreign investors had faced an extended period of  uncertainty due to the pandemic and travel restrictions imposed as a result of it, but we are quickly  seeing interest return and our rising property prices reflect this,” Singh commented.

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More