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Tribune news network
Doha
Battersea Power Station will participate at Cityscape Qatar expo to be held at Doha Exhibition and Convention Center from October 22 to 24.
Battersea Power Station has sold in excess of £120 million of residential property in the last year with high levels of interest from Middle East investors.
The £9 billion project is creating a new neighbourhood in London around one of its most iconic buildings.
Battersea Power Station is one of Europe’s most iconic regeneration projects and continues to gain momentum following the completion of the first phase, Circus West Village, which is now home to over 1,000 residents, while the restoration of the power station, the second phase which is being carefully restored and transformed into a new destination for London, continues at pace, opening to the public in 2021.
Historically, London has been an attractive investment destination for Qatari investors due to its tax incentives and legislation that encourage foreign investment.
Battersea Power Station makes for a particularly compelling investment case due to the fact that it is in a growth zone – with the new tube line, the restoration of the power station, and new shops, restaurants, cafes, bars, event spaces and public parks all set to make this one of the most exciting new destinations in the capital.
While over 50% of sales have gone to British buyers, Battersea Power Station has received significant interest from investors in the Gulf, including Qatar.
Buyers from this region are particularly drawn to the investment potential, as well as the project’s location on the River Thames and only a short walk from some of the best-known shopping destinations in London such us Harrods, Harvey Nichols and Sloane Street.
Speaking about the event, Andrew Jones, International Director at Battersea Power Station Development Company said, “Cityscape Qatar is a great platform to connect with our existing clients as well as to meet new buyers.
“We have seen a rise in demand for prime London property from investors in the Middle East, given the great value currently on offer due to the weaker pound.
He said, “UK’s real estate firm Savills have said that prime London property value is expected to increase by 12 percent over the next five years and this market is now 40 percent cheaper than in June 2014 for dollar-pegged buyers.
“London continues to be the most preferred international property destination for buyers from the Middle East, many of whom come from families who have owned houses there since the middle of the 20th century.”
Jones further said, “In terms of our own experience, back in 2013 we began one of the world’s most significant redevelopment projects with Battersea Power Station, one of London’s most iconic landmarks which lay idle for three decades.
“This £9 billion project will create a new and vibrant quarter for London on the banks of the River Thames, and many from the region have bought a house here as their main London home.”
Doha
Battersea Power Station will participate at Cityscape Qatar expo to be held at Doha Exhibition and Convention Center from October 22 to 24.
Battersea Power Station has sold in excess of £120 million of residential property in the last year with high levels of interest from Middle East investors.
The £9 billion project is creating a new neighbourhood in London around one of its most iconic buildings.
Battersea Power Station is one of Europe’s most iconic regeneration projects and continues to gain momentum following the completion of the first phase, Circus West Village, which is now home to over 1,000 residents, while the restoration of the power station, the second phase which is being carefully restored and transformed into a new destination for London, continues at pace, opening to the public in 2021.
Historically, London has been an attractive investment destination for Qatari investors due to its tax incentives and legislation that encourage foreign investment.
Battersea Power Station makes for a particularly compelling investment case due to the fact that it is in a growth zone – with the new tube line, the restoration of the power station, and new shops, restaurants, cafes, bars, event spaces and public parks all set to make this one of the most exciting new destinations in the capital.
While over 50% of sales have gone to British buyers, Battersea Power Station has received significant interest from investors in the Gulf, including Qatar.
Buyers from this region are particularly drawn to the investment potential, as well as the project’s location on the River Thames and only a short walk from some of the best-known shopping destinations in London such us Harrods, Harvey Nichols and Sloane Street.
Speaking about the event, Andrew Jones, International Director at Battersea Power Station Development Company said, “Cityscape Qatar is a great platform to connect with our existing clients as well as to meet new buyers.
“We have seen a rise in demand for prime London property from investors in the Middle East, given the great value currently on offer due to the weaker pound.
He said, “UK’s real estate firm Savills have said that prime London property value is expected to increase by 12 percent over the next five years and this market is now 40 percent cheaper than in June 2014 for dollar-pegged buyers.
“London continues to be the most preferred international property destination for buyers from the Middle East, many of whom come from families who have owned houses there since the middle of the 20th century.”
Jones further said, “In terms of our own experience, back in 2013 we began one of the world’s most significant redevelopment projects with Battersea Power Station, one of London’s most iconic landmarks which lay idle for three decades.
“This £9 billion project will create a new and vibrant quarter for London on the banks of the River Thames, and many from the region have bought a house here as their main London home.”
