Royals prepare for Octopus bids
by James Renoux-Wood Thu 27 March 2014, 3:28 pm
Two royal families are vying to buy the London Octopus building in Chiswick, it has emerged.
Rival bids from Sheikha Mozah bint Nasser Al Missned, the wife of the former Emir of Qatar and Sheikh Mohammed bin Rashid Al Maktoum, the monarch of Dubai and prime minister of the United Arab Emirates, will be submitted, and are expected to be pitched in the region of £120 million, London’s Evening Standard newspaper reported.
The partners developing the project, London & Bath and Galliard Group, will market the building this week and said the LED screens, which cover a third of the building and will be passed by around 300,000 vehicles a day, have attracted considerable commercial interest.
The London Octopus was granted approval by Hounslow Council in December 2012. It was designed by MAKE architects.