The Dubai authorities have purchased a property at Trafalgar Square in a deal believed to be worth around £155 million, the Independent has reported.
One Trafalgar Square, known as Grand Buildings, has been purchased by Istithmar, an investment company controlled by the Dubai government. The site was sold by Noriba Bank, a Bahrain-based subsidiary of UBS.
The 198,000sq ft site in the south east corner of the London square dates back to the 1870s and includes retail outlets and offices.
