London real estate to benefit from pent-up Gulf demand

London real estate to benefit from pent-up Gulf demand

A leading London property expert is predicting a rush in demand from GCC investors once travel restrictions to the UK capital are lifted.

And Andrew Jones, international director at Battersea Power Station Development Company, told Arabian Business the appetite of Gulf investors remains as strong as ever, despite the twin shocks of coronavirus and the UK's protracted exit from the European Union.

He said: “I sense that, post-Ramadan, when I think things will hopefully be a lot clearer and a lot more open, we will see a significant number of people from the Gulf coming over. They've missed out for a year and are frustrated. I've just been on the phone this morning to a couple of my clients in Saudi and they're saying, Andrew, we can't wait to see you in June or July.”

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The £9 billion ($12.6bn) Battersea Power Station development in central London is almost complete, with handover to residents expected to take place within the next few weeks. Designed by Frank Gehry and Foster + Partners, it includes 253 apartments as well as a cinema and retail outlets and will be home to US