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Al Murjan secures approval to redevelop London property

February 19, 2014 10:30 am

Saudi conglomerate Al Murjan Group has received the approval from the Westminster City Council (WCC) in London for its redevelopment scheme for Vantage House, a property the firm acquired in January 2013, Saudi Gazette has reported. The approved scheme envisages converting a six-storey office building into 20 luxury apartments ranging from one-bedroom to four-bedroom penthouses to cater increasing demand for such offerings by domestic and international buyers. The cost of the project redevelopment is estimated to be around £28m and is expected to be completed toward the end of 2015.