Abu Dhabi Al Nahyan Royals Approved for Vast London West End Office - Bloomberg
Westminster City Council has approved plans by a company ultimately overseen by Abu Dhabi’s ruling Al Nahyan family for one of the largest office projects ever built in London’s West End.
Berkeley Estate Asset Management got permission to overhaul the former flagship BHS store and adjoining London College of Fashion building on Oxford Street at a meeting Tuesday. The plans, designed by architect KPF, propose about 800,000 square feet (74,322 square meters) of office space and more than 100,000 square feet of stores at 33 Cavendish Square.
The developer is officially owned by the Private Department of the President of the United Arab Emirates. The Al Nahyan family’s sprawling London property portfolio includes some of the city’s most valuable real estate, acquired over several decades under the leadership of former ruler Sheikh Khalifa bin Zayed Al Nahyan. It owns several major properties on and around Berkeley Square and has more recently branched out into other parts of the West End.
The scale of the project is highly unusual for the area, which is dominated by smaller historic buildings that are subject to stringent protections and planning restrictions. The proposed development has almost the same amount of office space as Goldman Sachs Group Inc.’s sprawling UK headquarters in the City of London.
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