Northacre concentrates on properties in UAE | MENAFN.COM

Tuesday, 24 May 2022 06:08 GMT

Northacre concentrates on properties in UAE


(MENAFN) Despite strong sales at its two major sites in London, Northacre a luxury real estate developer, whose some of its shares are owned by Dubai, is moving its attention to the UAE and the wider Gulf Cooperation Council.

For the past 30 years, the British company, which is a division of Dubai investment banking firm Shuaa Capital, has mainly concentrated on generating luxury residential enterprises in London, with about USD2.73 billion (£2 billion) in projects scheduled to be finalized in the six months ahead.

Among these is The Broadway, a 258-apartment new complex on the location of the former New Scotland Yard Metropolitan Police Headquarters that has made about USD54.70 million (£40 million) worth of sales so far, since it launched in November 2021.

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