Flats Coming Next To Grosvernor Square
Canada sold their High Commission in London to Lodha of India
Canada has sold a large embassy building in London’s luxury Mayfair district to Indian developer Lodha Dwellers Pvt Ltd for $530 million, the Canadian foreign ministry said on Thursday. The 150,000 square feet MacDonald House is the headquarters of the Canadian High Commission in Mayfair area and it is near the Grosvenor Square which is one of the prime properties is London. Canada wanted to dispose of the large six-storey building in Grosvenor Square because it plans to consolidate all diplomatic activities in another official Canadian property on Trafalgar Square. >> http://sg.finance.yahoo.com/news/lodha-buys-canadian-london-embassy-221014829.html
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Bloomberg's Asia's Edge speculated today that the building will be torn down and replaced with high end flats. Of course?!