Gulf Islamic Investments, a Shariah-compliant global investment company, with assets under management worth $3 billion, has announced a new venture with Marriott International, Inc. The collaboration will see GII’s luxurious The Lucan, Autograph Collection Residences development in London’s prime Chelsea district, managed by the Marriott International Group in line with its Autograph Collection brand.
Situated off Sloane Avenue in the Royal Borough of Kensington and Chelsea, at the meeting point of art and culture with tradition and innovation, The Lucan represents a bespoke addition to Chelsea’s timeless style and sophistication. The 31 individually designed residences combine an iconic London location and its abundant green spaces with peerless in-house concierge services, to deliver a luxurious lifestyle individualized for each resident.
This collaboration represents a significant milestone for GII, as it establishes a foothold in the prime Central London market, after its first branded residential scheme in March — the Elie Saab Residences at Hyde Park. It is also another first for both brands — GII’s first real estate development collaboration with a global hospitality brand, and Marriott International’s first standalone Autograph Collection Residences property in the world, which will debut in London.
The seven-floor property is projected for completion in 2024, with a show home available before then. The residences will exhibit architecture influenced by the culture and character of Chelsea, with unique stylish finishes emblematic of Autograph Collection Hotels.
In a joint statement, Mohammed Alhassan and Pankaj Gupta, co-CEOs of GII, said: “The Lucan represents a pivotal project for GII, marking our first foray as both investor and developer. Our intention is to deliver a boutique development that not only offers an exceptional quality of life, but one that matches the highest international standards for luxury lifestyle real estate. It is truly an honor to work with Marriott International, whose reputation for operational excellence and legendary service will bring world-class standards to discerning residents of The Lucan and validate the iconic real estate proposition that GII originally identified in one of London’s most prominent and sought-after neighborhoods.”
Shreen Gupta, CEO of GRID Properties, said: “The UK has seen a blending of the high-end residential and hotel sector for some time now — with prime residential schemes understanding the value of amenity and concierge-style services. We are becoming known in the UK market for our quality and unique residential offers after our success with Elie Saab Residences at Hyde Park. This collaboration further cements our ability to collaborate effectively with prestigious global brands to offer HNW customers luxurious and quality Central London homes.”
Jaidev Menezes, regional vice president, mixed-use development — EMEA, Marriott International, said: “We are thrilled to announce The Lucan as our first stand-alone Autograph Collection Residences globally and equally delighted to be working with GII on one of their flagship assets in Europe. This agreement is a testament to the confidence that GII has in Marriott International and we are excited to play a meaningful role in GII’s vision for The Lucan. Through this collaboration, we look forward to delivering an exclusive lifestyle that is distinctive and unmatched in London.”