Dubai’s SHUAA Capital to deliver $2.7bn worth property project in London

By Amirtha P S, Desk Reporter
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SHUAA Capital
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Dubai-based leading asset management and investment banking platform, SHUAA Capital will deliver $2.7 billion worth of high-end property projects in London through its wholly-owned subsidiary, Northacre.

Currently, Northacre is focused on completing its two key projects, No.1 Palace Street and The Broadway, both of which are due to complete simultaneously between the end of 2021 and in the first half of 2022. The No.1 Palace Street is one of London’s most coveted addresses, uniquely located opposite Her Majesty’s official London residence.

In October, Northacre will unveil the first show apartment in The Broadway, a three-bedroom apartment on the 13th floor of the Cullinan East building overlooking Big Ben and the Houses of Parliament. In addition, 116,000 sq ft of commercial space will also be launched.

Walid El-Hindi
Walid El-Hindi
CEO – Real Estate
SHUAA Capital

“The significant growth of SHUAA’s real estate portfolio in the United Kingdom reflects its effective strategic vision to create opportunities that deliver long-term value with high returns. We look forward to exploring further opportunities in line with our strategy and investing in the UK and embarking on many more world-class developments.”

Mr. Jassim Alseddiqi, Group CEO of SHUAA Capital, said, “As a major investor in the prime London property market, we are delighted that the fruits of our long-term vision are now becoming a reality.”

Northacre, the UK-based super-prime property developer, has more than 30 years of experience in the real estate sector, managing $2.7 billion worth of property projects and has completed ten luxury residential projects in London covering more than one million square feet.

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