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Felda launches newly acquired Grand Plaza serviced apartments in London - Bernama

September 22, 2013
Latest Update: September 22, 2013 12:22 pm

Felda Investment Corp (FIC) UK Properties on Thursday opened the Grand Plaza serviced apartments, a London asset it recently acquired on September 4 for £98 million (RM496.7 million).

It was launched by Federal Land Development Authority Chairman Tan Sri Mohd Isa Abdul Samad (pic).

"The serviced apartments is ranked number one by Google search and sales is done 75% online," Mohd Isa said in a statement issued from London.

He said the serviced apartments were equipped with self-catering facilities, such as cooking, and washing facilities to suit long stay.

Since FIC owns it, all food served would be halal through its Grand Plaza Bistro that catered English breakfast, he added.

Residential Land sold the freehold Grand Plaza serviced apartments to FIC UK Properties, a subsidiary of Felda, a Malaysian government-led organisation.

Grand Plaza is one of London's largest serviced apartment buildings, containing 198 apartment units across 13 period stucco fronted buildings over 105,044 square feet.

Strategically located near the Bayswater subway station, it has an average occupancy rate of 90% every month.

Mohd Isa said the serviced apartments frequently received guests from Australia, Canada and the Middle East.

"It is certainly the attraction for those who need independence and catering flexibility of their own home together with the comfort and service of a four-star hotel," he said.

Grand Plaza, under the existing management, won the gold circle award from agoda.com in 2011. - Bernama, September 22, 2013.

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