Above: The London residence of Canada’s High Commissioner, a lavish mansion in Mayfair, has been sold in a massive real estate deal for $530-million. Stuart Greer has the details.
Canada has sold the current home of the Canadian High Commission in London for a reported $530 million.
The property will be acquired by company Lhoda Group for $530 million.
In a statement released to media Thursday afternoon, a Department of Foreign Affairs spokesperson said the sale of One Grosvenor Square is part of federal efforts to consolidate Canada’s presence in London while slashing operating costs.
“There was exceptional interest from international parties for the property on Grosvenor Square,” said Gordon Campbell, Canada’s High Commissioner to the United Kingdom, according to the release.
“We are looking forward to the move to Canada House on Trafalgar Square, Canada’s traditional home in the United Kingdom, in the next year.”
Abishek Lodha, managing director of Lodha Group, was quoted in the release as saying:
“The acquisition of this marquee asset overlooking London’s most renowned garden square, in the heart of Mayfair, and in close proximity to Bond Street and Mount Street is a great opportunity for our company.”
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