Istithmar PJSC acquires London's One Trafalgar Square

The acquisition financing bank is Barclays Capital.

Commenting on the firm's latest acquisition, Istithmar Executive Chairman Sultan Ahmed Bin Sulayem, said: "One Trafalgar Square is a premier property in one of world's most recognized locations providing Grade A headquarters office accommodation. Given that we are currently engaged in positioning our portfolio to focus on developing markets and international gateway cities such as London, this acquisition represents a key step forward for us."

Bin Sulayem said the Company's primary focus was growth and asset appreciation through a diverse portfolio of real estate investments. "Moving forward we will pursue a broader strategy expanding real estate acquisitions internationally."

Dating back to the late 1870's, the building has been altered over time and was redeveloped to much acclaim in 1991 by Land Securities PLC.

Designed by Sidell Gibson Architects, the Building occupies a high profile island site on the south eastern corner of Trafalgar Square and commands stunning views of the surrounding area.
In recent years, Trafalgar Square has been the subject of considerable investment from both the City of Westminster and the Mayors office and has been heavily altered to create a people friendly world square to confirm its status as one of London's most popular tourist landmarks. The property also has superb views of Admiralty Arch and the Mall leading down to Buckingham Palace.