A Middle East-based investment fund is poised to swoop on a prime piece of central London property in a £230m deal. PCP Capital Partners, a vehicle set up by Amanda Staveley, the financier who is orchestrating a potential capital injection into Royal Bank of Scotland (RBS) by Abu Dhabi sovereign wealth funds, is to acquire Great Arundel Court, a 3.3 acre site just south of The Strand, I understand.
The property is being bought from Land Securities, one of Britain’s biggest property companies. A deal could be announced as soon as this week………………………………………..Full Article: Source