Global property mogul PNC
Menon says that he wants to create a ‘mini London’ community, which could be a sizable mixed
use redevelopment near a Crossrail link.
In an interview with Metro
Menon, who started the business which is now Sobha Realty forty years ago with
$7, suggests that his £3bn Sobha Hartland development in Dubai is his current grand project. However,
he says that he is a big admirer of London
as the commercial capital of the world, which Brexit will not diminish, and
would like to develop here at some point.
Menon says: “‘I can
imagine London02 – a mixed use redevelopment near a Crossrail link, somewhere
within 30 minutes of central London.
I don’t want to develop and interfere with the heart of London’s historic buildings – though I love
the blend of historic and modern buildings here. But a hub near the capital
could create a whole new ‘mini London’
“London is a world city with over 40 million
visitors travelling to the capital for business and leisure. I don’t think
Brexit, in the long term, will change this.”
Currently, Sobha Realty and Menon himself are not as widely known in the UK as in the Middle East. However, they have been associated with some sizable and high profile developments globally and Sobha have recently opened a UK office to showcase their brand. So any future projects that Menon might pursue in London could be substantial and very significant indeed for the property market here.
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