QFIB invests in London properties

Hotels purchased will be converted into high-end luxury residential apartments

Qatar First Investment Bank has acquired two properties in central London as it looks to capitalise on growing demand.

Qatar First Investment Bank (QFIB) has announced its acquisition of two properties in central London.

The purchase of The Leinster Inn Hotel at Leinster Square and Westbourne House, Westbourne Grove, was made with a group of investors from the GCC to capitalise on the growing demand for real estate in central London by converting both properties into high-end luxury residential apartments, QFIB said.

“We are optimistic that once the conversion of the properties is complete, they will be attractive to international buyers who are looking to invest in prime properties, which in return will yield substantial returns to our investors,” said QFIB chief executive, Emad Mansour.

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