Friday 24 June 2011

Oman eyes London's Adelphi as Dubai firm sells up

The art deco Adelphi building in London, England
The art deco Adelphi building in London, England
Oman's investment arm in among those interested in buying the Adelphi building in London's West End after it was put up for sale by Dubai's Istithmar World, UK media have reported.
The Omani Government, Hermes Real Estate, Blackstone, and Samsung Life are among parties leading the race to buy the building which used to be home to Peter Pan author JM Barrie, the UK's Estates Gazette reported.
In March, Istithmar World instructed CB Richard Ellis to sell the 306,000 sq ft Art Deco building on Strand.

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