Dubai Firm Raises £82 Million From London Wall to Turn Former Chelsea Police Station Into Luxury Flats
UAE-based Gulf Islamic Investments (GII) Group has secured funding for the redevelopment of 2 Lucan Place, which was sold by the Met for £40 million in 2015. GII plans to transform the seven-storey building into 31 luxury flats and two commercial spaces. It will feature a private gym, concierge and valet parking. Funding for the redevelopment was led by London Wall Lending in partnership with Précis Capital Partners.