The US State Department has entered into an agreement to sell its embassy in Mayfair, London, to a Qatari buyer.
In a statement today the US department revealed Qatari Diar Real Estate Investment Company headquartered in Doha, Qatar, is the purchaser.
The agreement was signed for the US by ambassador to the UK, Louis Susman.
The sale will enable the US to eventually move into a purpose-built property in the Vauxhall area of London, on the south side of the River Thames.
“With the signing of this contract, the United States takes another step towards relocating to a new state-of-the-art embassy which will enhance the urban fabric of London and demonstrate exceptional American architecture,” it s said. “The construction of the new US Embassy in the Nine Elms area of Wandsworth will provide a modern, open and secure American diplomatic facility in London.
Construction is slated for 2012 or 2013 with the project completed by 2016 or 2017.
The United States will continue to occupy its current site in Grosvenor Square until the relocation is complete.