Evolution Investment Fund acquires hotel and development
site in London with long-term conviction to the city.
LONDON – A family-backed investment fund based in the
British Virgin Islands and offices in the UAE, Evolution Investment Fund has acquired for £1.1
billion a leasehold interest in the 237-room London Marriott Hotel Grosvenor
Square and a development site with full consent near New Bond Street. The
seller has been listed as O&H Grafton Developments Ltd.
The fund has also former British chancellor Nadhim Zahawi as
director of the acquisition entities.
Evolution was launched in 2025 by the Shanshal family, who
live in the UAE and have extensive business interests across the Middle
East. It aims to acquire and develop prime locations in “gateway cities” and is
also involved in logistics, telecoms, car dealerships and construction.
The development site is a 157,000sq ft project that will
include 94 hotel rooms and six luxury residences.
The family office said the investment in prime London real
estate represents a long-term conviction to the city with plans to invest
significantly in these locations and a firm belief in their exceptional
long-term appeal.