Alrov looking to buy London property for 58 million euros

Tel Aviv-based Alrov Real Estate is bidding on property in London’s Covent Garden it plans to convert into a 150-room hotel, the Broitis State Gazette reported. Alrov, owned by developer Alfred Akirov, has reportedly offered a sum of 58 million euros for the building. The company owns 23 assets in Switzerland, France and Israel; its activity abroad is run mainly thought its subsidiary PIH, which is due to make an initial public offering on the London Stock Exchange next week.