{"id":3306,"date":"2013-12-02T11:36:57","date_gmt":"2013-12-02T06:06:57","guid":{"rendered":"http:\/\/www.franchisezing.com\/franchise\/?p=3306"},"modified":"2013-12-02T11:36:57","modified_gmt":"2013-12-02T06:06:57","slug":"canadas-london-embassy-building-sold-to-indian-firm-for-530-m","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/canadas-london-embassy-building-sold-to-indian-firm-for-530-m\/","title":{"rendered":"Canada’s London embassy building sold to Indian firm for $530 m"},"content":{"rendered":"

\"\"<\/a>Real estate News India<\/a>:\u00a0India’s largest real estate developer Lodha Group said Friday it has bought Canada’s embassy building in London’s prime Mayfair district for around $530 million.<\/p>\n

The seven-storey Canadian High Commission in Grosvenor Square, known as Macdonald House, will be converted into luxury residences for the super-rich, Indian media said.<\/p>\n

“We will create a world-class development, which befits the status of the address,” said Abhishek Lodha, managing director of Lodha Group.<\/p>\n

The Lodha group was chosen as the buyer of the property by the Canadian government after a competitive bidding involving global developers and sovereign wealth funds, the Lodha group said.<\/p>\n

The Indian firm is buying the property through internal funds and does not plan to raise debt to finance the deal, officials said.<\/p>\n

In 2010, India’s Sahara group had acquired the Grosvenor House hotel in London for around $750 million from the Royal Bank of Scotland.<\/p>\n

In December last year, the Lodha group bought the US Consulate’s Washington House property in Mumbai for $54 million.<\/p>\n

The Lodha group is building what it claims is the world’s tallest purely residential tower in Mumbai, called “World One”, set to be completed in 2014.<\/p>\n

Source:\u00a0news.yahoo<\/p>\n

 <\/p>\n

Note: If you are looking for the low cost franchise business in\u00a0Real Estate industry<\/a>, then you can apply your request\u00a0here<\/a><\/p>\n

  <\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate News India:\u00a0India’s largest real estate developer Lodha Group said Friday it has bought Canada’s embassy building in London’s prime Mayfair district for around $530 million. The seven-storey Canadian [ … ]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3306","post","type-post","status-publish","format-standard","hentry","category-real-estate-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/3306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=3306"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/3306\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=3306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=3306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=3306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}