Qatar First Bank announces completion of Leinster Square development

 30 May 2016 - 1:19

Qatar First Bank announces completion of Leinster Square development
A view of the Leinster Square residential property in London.


DOHA: Qatar First Bank (QFB)announced the completion of 7-12 Leinster Square, a residential real estate development in Leinster Square in London.
QFB made the announcement at the QFB & JLL seminar titled “London Real Estate Forecast” held at QFB’s private banking lounge in collaboration with the British Embassy in Qatar. The event was attended by QFB corporate and private banking clients, alongside other institutional invitees interested in the London real estate.
Leinster Square is QFB’s second completed real estate development in London. The project offers QFB shareholders and clients an opportunity to invest in five stunning three and four bedroom Townhouses and six lateral three bedroom apartments.
QFB acquired the building, in 7-12 Leinster Square, in August 2012. Over the last four years, QFB has worked with the development manager, London-based Alchemi Group, to rebuild and restore the building to its former Victorian glory. The building benefits from southerly views and access to a private garden square, very rare in central London.
Nizar Ahmadi, QFB’s Head of Private Banking & Wealth Management, said: “The completion of our second residential real estate project in London complements the development of QFB’s pioneer open architecture platform. The platform is backed by our talented and highly experienced team who are well-equipped to meet the individual needs of our clients with high levels of confidentiality, professionalism and responsibility.”
Ahmadi added: “QFB’s private banking team, including our dedicated world class female relationship managers, and real estate partners, JLL, are available to provide information about London residential market and market forecasts for the next five years with highlights on the important factors influencing the market.”
Scott Strachan, Executive Director - Alternative Investments at QFB in charge of real estate projects, said:Leinster Square is a unique project in a great location in central London. It is very rare to find new developments like this, that offer modern facilities like air conditioning and underfloor heating in a Victorian building. The development is minutes away from Hyde Park and has excellent transport links, to both the Underground and Paddington station, which provides access to Heathrow and Crossrail. The development also benefits from 24/7 concierge services and all the homes have at least three bedrooms, which make them suitable for Qatari families.”
Reflecting the demand for these investments, the project only has two apartments left for investment on the top, fourth floor, of the building and 5 townhouses. The townhouses consist of accommodation on the first floor of the building, the ground floor, lower ground floor, and basement, and all have private terraces at the rear of the building as well as their own entrance and access to the private garden square, which has also been restored and replanted with lawns, flowerbeds and recreation areas.
Strachan added: Leinster Square is QFB’s second completed project in London, following the completion of the award winning “Westbourne House” completed in August 2015.

The Peninsula