Barwa Real Estate Group has officially launched 25 North Row, a property in the prestigious Mayfair Conservation Area of London's West End. The announcement was made by the Doha-based leading real estate management and investment company after comprehensive refurbishment as per the highest sustainability and green building standards.
The opening ceremony was attended by a number of senior executives including, Hitmi Ali Khalifa al-Hitmi, chairman, Barwa Real Estate Group, Abdulla Abdulaziz al-Subaie, Group CEO, Barwa Real Estate Group, Ahmad al-Abdulla, deputy CEO, Barwa Real Estate Group, Tariq al-Jaber, director group Portfolio and Investments, Barwa Real Estate Group, Hamad al- Kuwari, director of Group Communication, Barwa Real Estate Group and Aamir Khan, CEO, Barwa Capital.
Officials from Barwa's UK partners Avanta, Paragon and Mike Harvey, were also present.
Abdulla Abdulaziz al-Subaie commented: "The property is ideally positioned on North Row, which runs parallel to the iconic Oxford Street, one of the most recognised retail destinations in the world, and promises to provide the ultimate commercial hub, with occupancy rates of more than 90% by 2014. The North Row property demonstrates our commitment to Europe as part of our growth strategy and signals our interest in further strengthening our portfolio in the UK."
Built in the 1950s, the commercial building which retains its distinct brick provides 23,917 sqft of Grade A office space arranged over the basement, ground and five upper floors. Following the completion of refurbishment work, the property is now available for commercial leasing.
The location of the North Row property is mainly commercial, with many offices in converted houses and new buildings, including major corporate headquarters, a concentration of hedge funds, real estate businesses and embassies.
There also remains a substantial quantity of residential property as well as some exclusive shopping and London's largest concentration of luxury hotels and many restaurants.
Through its UK based company, Cavendish Capital, Barwa Real Estate Group are also owners of an office block at Cavendish Square in the West End of London.
The property which dates back to the 1740s is a Grade 2 listed former townhouse and provides 11,510 sq ft of premium refurbished office space.
While Barwa Real Estate Group's main activities remain in Qatar, the group has a wide array of investments and operations internationally in markets such as, the GCC, UK, US, Germany, Turkey and South East Asia.
Gulf Times
7 July
