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Tapping into the London real estate market at an opportune time, Investate Realty has announced the acquisition of the 4.5 acre waterfront site known as Tideway Industrial Estate.
The site occupies an enviable position in Central London fronting the River Thames and overlooking the prestigious and highly-desirable neighbourhood of Chelsea.
The property is one of the last prime waterfront locations available for redevelopment in London and generated a strong competitive interest from most of the leading UK developers.
The CEO of Investate, Salah Nooruddin said: "I am immensely proud that Investate has successfully completed an acquisition of this significance in the highly-competitive London market at such an early stage in Investate's history.
"Investate assisted by leading professional advisors and consultants, acted to out-manoeuvre other potential purchasers to secure this exceptional site.
"I am also delighted with the strong support from Investate's shareholders, a group of whom co-invested on this acquisition, namely The First Investor from Qatar, Rashed Al Rashed & Sons Group from Saudi Arabia and Omniyat Holdings from UAE.
"Having these respected organisations partner with Investate on this transaction underscores the strength of our shareholder base and interest in this property."
Tideway Wharf, as the site will be known, enjoys an outstanding riverside location adjacent to Chelsea Bridge.
The site is ideally positioned to benefit from London's announced regeneration plans and both current as well as future developments in the neighbouring area including the nearby Chelsea Barracks, recently purchased by Qatari investors for a large-scale redevelopment, which "will ensure significant value enhancement" for the project.
