London firms signs £127.5m healthcare and education developments with Qatari firm

A London-based developer and separate real estate investor have signed a £127.5m deal with a state-owned Qatari development firm.

Fenton Whelan and Aplomado Investments have entered a partnership to undertake the of development of a healthcare facility and an adjoining British private school.

The facilities are set to be located on the £2.2bn Qetaifan Island North which is under construction.

Located on a 6,010 sq m plot, the new healthcare centre will provide 8,500 sqm of medical facilities and heathcare services.

The new British school will provide a 30,245 sq m campus with a built-up area of 17,000 sq m, comprised of classrooms, main school hall, campus library with lounge areas, science and techology building, sports hall and school canteen.

Sheikh Nasser bin Abdul Rahman Al-Thani, managing director of Qetaifan Projects says: “We are happy to conclude this agreement, which shows the concerted efforts of government bodies and institutions in the country, which are working to provide an attractive investment environment for foreign investments.”

“And perhaps the most prominent of these efforts is starting to implement the freehold law for non-Qataris, which would provide the local market with international standards and options that work on developing and revitalizing sectors such as tourism, hospitality, entertainment and of course real estate development.”

James Van Den Heule, director of Fenton Whelan said: “The new school and medical centre will provide a unique offering to the Qatari market. Fenton Whelan and its partners chose to invest and develop in Qetaifan island North because we believe that the Qatar economy, tourism and inward investment will continue to thrive.”

Jeremy Bussey, co-founder and CEO of Aplomado Investments said: “We are excited to expand our operations to Qatar. Qatar and the UK share a long history of close ties and we are thrilled to be part of its future by contributing to its 2030 vision.’