4 Nov

St John's Wood Barrack Sold for £250m to Asian Tycoon

St John's Wood Barrack Sold for £250m to Asian Tycoon

Nov 4th (The Cloister)

It is now confirmed that the 200 year old Barrack in St John's Wood has been sold to the second richest man in south Asia. Ananda Krishnan has acquired the site through his Usaha Tegas Group and has appointed UK property group London Square as project manager.
St Johns Wood barracks has been used since 1804 but the King's Troop Royal Horse Artillery who are the current occupiers are due to move to Woolwich by early next year.
The 5.5 acre barrack site has planning permission for 74 upmarket houses and flats, and 59 affordable homes. The site has total saleable space of 359,000sq ft.

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