Canada sells London diplomatic mansion for $500M
Mumbai-based Lodha Developers has become the new owners of Macdonald House in central London after the company bought the prime property for $530 million.
Canada has sold the John A. Macdonald building, the mansion in London that is home to some of the country’s diplomatic activities in the U.K.
Canadian High Commissioner to the United Kingdom Gordon Campbell confirmed the sale Thursday of One Grosvenor Square, which went to an Indian developer, Lodha Group, for $530 million (£305 m).
About 250 diplomatic staff based in the Macdonald building will be consolidated in Canada House, which is about half a kilometre away, in a move to save money.