Prime property developer Northacre Properties, which is owned by Dubai-based Shuaa Capital, has completed its luxury development in central London.
Called The Broadway, the 1.72-acre residential site features six mix-used towers with 258 luxury apartments. There will also be spaces for office and retail use, within a wellness-focused destination.
Shuaa Capital earlier bought the plot, which was the previous location of the Metropolitan Police Headquarters, for $446 million.
“In 2016, we acquired the former Metropolitan Police Headquarters site, and at the time it was the biggest land deal in the Capital since the Brexit announcement,” Jassim Alseddiqi, its managing director and chairman of Northacre, said in a statement.
“We moved on to achieve Section 106 planning permission in fewer than six months which is a testament to the Northacre team for driving such a successful and well-received proposal,” he added.
The completion signals Northacre’s aim to be a global leader in sustainable real estate, the company claims.
The developer is still working on the Orchard Palace, which it aims to promote as a wellness capital in London.
“With this destination, we seek to bring together the community alongside a myriad of uses to ensure a vibrant and exciting location with people at its heart,” Walid El Hindi, the group chief executive of Northacre, said.
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