Renewable Investors Can Seize Notting Hill Plot Owned by Spain
- Judge orders move to enforce €120 million arbitration award
- Notting Hill property houses bilingual Spanish school
Portobello Road in the Notting Hill district of London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
A group of renewables investors can seize control of a property in an affluent London neighborhood owned by the Spanish government in a bid to enforce a more than €120 million ($132 million) arbitration award, a judge ordered.
The investors — Infrastructure Services Luxembourg Sarl and Energia Termosolar BV — can take the land on Portobello Road in Notting Hill, according to a High Court decision dated August 2. The site houses a bilingual Spanish school, whose building used to be a Dominican convent.