Sidra Capital, a Saudi financial service company that focuses on international investments, has announced its partnership with London-based Dwyer Property for the development of Hamilton Drive, a luxury residential development project in St. John’s Wood, London.

Hamilton Drive is a project designed by Robert Adam, a prominent leader in traditional and classical architecture.

Located in St. John’s Wood, one of the most affluent parts of London, near to the iconic Abbey Road zebra crossing made famous by the Beatles, this 1.2 acre freehold site will comprise ten new built luxury town houses as well as a villa.

“We see a consistent demand among Saudis and regional investors for various types of properties in London, including high end residential products. GCC investors traditionally invest in more mature markets that can weather economic volatility,” said Hani Baothman, vice chairman, Sidra Capital.

“According to Savills, the contribution of Middle Eastern investors to London’s super-prime (over 10 million pounds) market is very significant at over 15 percent, behind Russian (19 percent), and British (33 percent) buyers.”

According to data from Savills World Research, the top property investment destination for Arab investors is London with a whopping 35 percent of all Arab institutional investments focused on London over the last three years.

Further buyers from the Middle East spent the most on prime London property than any other buyers with an average property value of 4.5 million pounds.

“The partnership with Al-Murjan through its adviser Sidra Capital is indeed an exciting one. We are very selective of who we work with and believe that the highly complementary relationship we have enjoyed thus far has already vindicated our decision to collaborate with Al-Murjan and Sidra Capital,” said Joey Esfandi, chairman, Dwyer Property.

Established in 2009, Sidra Capital currently manages assets worth SR2.3 billion as of January 2016.