Qatar’s royal family buys King’s Cross site for £72.3m in regeneration playComments Off on Qatar’s royal family buys King’s Cross site for £72.3m in regeneration play
The 10-storey new HQ of One Mabledon Place on Euston Road has been bought by Duwaliya UK Real Estate Holdings, which the Evening Standard understands is affiliated with the Al Thani family.
It is the first major deal by Gulf-based investors in King’s Cross and Euston since LaSalle Investment Management bought chunks of Regents Quarter in 2005 on behalf of the Abu Dhabi Investment Authority.
The regeneration of the area, once known as a red-light district, is being led by the Argent-led King’s Cross Central Partnership, which is transforming 67 acres in N1.
Companies moving there include Google and Louis Vuitton.
Property developer Stanhope and Canadian investor AIMCo which redeveloped the 90,579 square feet building, completed the sale this week.