UAE’s ADFG and UK’s Northacre to build six-tower London project

UAE’s ADFG and UK’s Northacre to build six-tower London project
The Broadway will be developed at the former New Scotland Yard headquarters in Westminster.
Published: 28 August 2017 - 6:30 a.m.
By: Fatima De La Cerna

Abu Dhabi Financial Group (ADFG) and UK-based developer, Northacre, have announced plans to construct a six-tower residential and commercial project in London.

Called The Broadway, the project will be developed at the former New Scotland Yard headquarters in Westminster, providing views of landmarks like The Houses of Parliament, Westminster Abbey, the Big Ben, Buckingham Palace, the London Eye, and St James’s Park.

In a statement, ADFG and Northacre revealed that the development, expected to be completed in 2021, will feature six towers that Northacre conceptualised and architecture firm, Squire and Partners, designed.

These towers will reportedly frame a 1,858.1m2 public courtyard and pedestrianised piazza.

In addition to offering 32,980.6m2 of residential space, including 285 apartments, the project will provide around 1,486.4m2 of space for health, fitness, and spa amenities. Facilities will include a 25m pool, a gym and personal training studio, treatment rooms, and a games room.

Moreover, the development will feature meeting rooms, parking spaces, and retail outlets.

According to ADFG and Northacre, they are expecting The Broadway to become a “thriving business and leisure district for London”, adding that once that happens, they will add 10962.6m2 of office space to the project.

Jassim Alseddiqi, chief executive officer (CEO) of ADFG, said: “The acquisition of the former headquarters of New Scotland Yard and our plans for The Broadway represents ADFG’s continued commitment to investing in unique and iconic developments in London.

“The Broadway represents the future of urban living, a thriving destination to live, work, and play in a world-class address surrounded by unparalleled views of London’s most famous landmarks.”

Meanwhile, Niccolò Barattieri di San Pietro, CEO of Northacre, said: “We are looking forward to creating another prestigious neighbourhood in London; a vibrant new hub for an area, which despite its unrivalled location, views, and transport, has long been undervalued.”

The project also “places dollar-denominated buyers in a strong position to invest in property in the UK, adding to the surge in interest from Middle-Eastern buyers in London’s luxury real estate market”, ADFG and Northacre added.

ADFG acquired New Scotland Yard for £371m from the Mayor’s Office for Policing And Crime (MOPAC) in 2014 and first announced plans for its redevelopment in February 2016.

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