Alrov looking to buy London property for 58 million euros
Tel Aviv-based real estate firm bidding on asset in London’s Covent Garden it plans to convert into 150-room hotel
Tel Aviv-based Alrov Real Estate is bidding on property in London’s Covent Garden it plans to convert into a 150-room hotel, the Broitis State Gazette reported.
Alrov, owned by developer Alfred Akirov, has reportedly offered a sum of 58 million euros for the building.
The company owns 23 assets in Switzerland, France and Israel; its activity abroad is run mainly thought its subsidiary PIH, which is due to make an initial public offering on the London Stock Exchange next week.
It was recently reported that Akirov will put up for sale a long list of properties in Israel, estimated to be worth more than NIS 400 million ($100 million).
