Istithmar PJSC, an investment house based in the UAE, has announced that it had purchased London's One Trafalgar Square for Dh1 billion (£155 million).
The transaction was financed by Barclays Capital, Gulf News reported.
Istithmar is a major investment holding company based in the United Arab Emirates. Launched in 2003, it coordinates the appraisal and implementation of numerous entrepreneurial ventures.
Istithmar was originally created to centralize investments made by the Dubai Ports, Customs and Free Zone Corporation, and affiliate companies collectively referred to as the Group. This consists of Nakheel (a real-estate development firm), Dubai Metals and Commodities Centre, and Tejari (an online procurement firm).
