Brunei family buys entire London street
A family from Brunei has reportedly bought 75 per cent of property along Queensway, the west London thoroughfare, in a series of deals worth around $775 million.
The deals were arranged by Siahaf, a development company run by the British investor Johnny Sandelson and Mohamad Shuif Hussain, an entrepreneur from Brunei, the Sunday Times reported.
After reports the deals were linked to the Sultan of Brunei, Hassanal Bolkiah, himself, his office issued a statement on September 15 that “His Majesty the Sultan of Brunei is not an investor in the plan to purchase property in Queensway, West London.”
Queensway is a bustling cosmopolitan street in the Bayswater district of west London, but, however, described by some as scruffy and in need for renovation. It is lined by many restaurants (particularly Chinese, Arab and Mediterranean ones), pubs and high street stores. Near the northern end of the street is the multi-storey Whiteleys Shopping Centre, the site of London’s first department store.
The store has just recently been sold to the Brunei family in a $155 million deal by Standard Life Investments UK Shopping Center Trust, a deal described as an important transaction as part of a wider investment strategy into Queensway. The Brunei investors apparently have also plans create an estate in the area.
The Sultan of Brunei, via the Brunei Investment Agency, owns two hotels in London, The Dorchester and 45 Park Lane, as part of the Dorchester Collection.
A family from Brunei has reportedly bought 75 per cent of property along Queensway, the west London thoroughfare, in a series of deals worth around $775 million. The deals were arranged by Siahaf, a development company run by the British investor Johnny Sandelson and Mohamad Shuif Hussain, an entrepreneur from Brunei, the Sunday Times reported. After reports the deals were linked to the Sultan of Brunei, Hassanal Bolkiah, himself, his office issued a statement on September 15 that "His Majesty the Sultan of Brunei is not an investor in the plan to purchase property in Queensway, West London." Queensway is...
A family from Brunei has reportedly bought 75 per cent of property along Queensway, the west London thoroughfare, in a series of deals worth around $775 million.
The deals were arranged by Siahaf, a development company run by the British investor Johnny Sandelson and Mohamad Shuif Hussain, an entrepreneur from Brunei, the Sunday Times reported.
After reports the deals were linked to the Sultan of Brunei, Hassanal Bolkiah, himself, his office issued a statement on September 15 that “His Majesty the Sultan of Brunei is not an investor in the plan to purchase property in Queensway, West London.”
Queensway is a bustling cosmopolitan street in the Bayswater district of west London, but, however, described by some as scruffy and in need for renovation. It is lined by many restaurants (particularly Chinese, Arab and Mediterranean ones), pubs and high street stores. Near the northern end of the street is the multi-storey Whiteleys Shopping Centre, the site of London’s first department store.
The store has just recently been sold to the Brunei family in a $155 million deal by Standard Life Investments UK Shopping Center Trust, a deal described as an important transaction as part of a wider investment strategy into Queensway. The Brunei investors apparently have also plans create an estate in the area.
The Sultan of Brunei, via the Brunei Investment Agency, owns two hotels in London, The Dorchester and 45 Park Lane, as part of the Dorchester Collection.
