Former chancellor Nadhim Zahawi has been appointed a director of a new Middle Eastern-backed investment fund planning to deploy more than £1bn into luxury hospitality projects in London’s Mayfair. Evolution Investment Fund, launched in 2025 by the UAE-based Shanshal family, has acquired a leasehold interest in the London Marriott Hotel Grosvenor Square alongside a development site near New Bond Street with full planning consent. The total capital commitment for the two projects, including development costs,...










