For over 50 years until 2010, it was the headquarters of the Society of Motor Manufacturers and Traders.[5] In 2010, the remaining 47-year lease was sold for about £40 million.[5] Grant Wellbelove of Belgravia based Estate Agents Wellbelove Quested represented the Buyer.
In 2012, The Guardian reported that it had been bought by David and Frederick Barclay through "offshore entities in Jersey and the British Virgin Islands (BVI)", and that they had spent £48 million, and the house would provide a London base for Sir David Barclay's son, Aidan Barclay.[6] Forbes House was bought by Forbes House Ltd, registered in the BVI with a £48m loan, and a subsidiary company, the Jersey-registered Halkin St Development Ltd has made the appropriate planning applications to convert it back into a single home.[6]
In 2016 the Barclays sold it to former Qatar prime minister Hamad bin Jassim bin Jaber Al Thani.[7] In 2020 Westminster Council approved the wholesale remodelling of the original staircase, despite objections from the Council Officers.[8][9]