ONE of India's largest developers Lodha Group has bought the Canadian High Commission in the heart of London for £306 million.
Canada’s High Commissioner to the United Kingdom, Gordon Campbell, confirmed that legal contracts have been exchanged for the sale of One Grosvenor Square in London, England.
The deal was advised by Savills.
The Government of Canada’s intention to sell the property, first announced in Canada’s House of Commons in February this year, is a key step in plans to revitalize Canada House on Trafalgar Square in the heart of London and to consolidate the Canadian High Commission’s diplomatic activity in the UK in one central London location, saving valuable operational dollars.
“There was exceptional interest from international parties for the property on Grosvenor Square. We are looking forward to the move to Canada House on Trafalgar Square, Canada’s traditional home in the United Kingdom, in the next year. We thank Lodha Group for their keen interest and welcome this new phase in the project,” High Commissioner Campbell said.
“The acquisition of this marquee asset overlooking London’s most renowned garden square, in the heart of Mayfair, and in close proximity to Bond St and Mount St is a great opportunity for our company,” Lodha Group’s Abhishek Lodha said.
Lodha Group was represented by Knight Frank.
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