A developer of luxury properties in the Middle East is establishing a British headquarters before a planned listing on the London Stock Exchange.
Sobha Realty has bought the former Mayfair office of Foxtons estate agents on Park Lane for its London studio.
The company behind the £3bn development of Sobha Hartland, comprising more than 5,000 homes in Dubai, plans to use its new studio to promote its overseas properties as well as creating joint ventures in London to enter the UK market.