GFH Financial inks $144 mln deal to partner in London project

30/03/2016 Argaam

Bahrain-based GFH Financial Group (GFH) has signed a $144 million agreement with Palace Revive Developments Limited to become an anchor partner in a new luxury development being built in central London by UK-based Northacre.

 

The deal covers 30 percent of the total project, GFH said in a statement to the Dubai Financial Market (DFM), adding that it would “reflect positively on its financial results in Q1/Q2 2016.”

 

The development, No.1 Palace Street, will be located near Buckingham Palace. When finished in 2018, it will include 72 luxury apartments, a restaurant and a health center. 

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