Northacre plc is a British property company that develops luxury apartments in London, and is 69% owned by Abu Dhabi Financial Group (ADFG).
History edit
Northacre was founded in 1977 by the German architect Klas Nilsson, with Nilsson Architects, which he founded in 1975, becoming a wholly owned subsidiary. As of 2015, he is the non-executive chairman.[1]
Abu Dhabi Financial Group (ADFG) acquired 68.84% of Northacre, which it owns via Spadille Limited, a Jersey-registered investment vehicle.[2]
Developments edit
Northacre owns The Lancasters, a development of 77 apartments in Bayswater, which was originally a terrace of 15 stucco-fronted Grade-II listed mid-nineteenth houses.
Northacre has submitted plans to redevelop New Scotland Yard, the Metropolitan Police headquarters, which was bought by ADFG in December 2014 for £370 million, into luxury apartments.[3]
References edit
- ^ "Board of Directors". Northacre. Retrieved 26 November 2015.
- ^ "Spadille Limited". ADFG. Archived from the original on 8 December 2015. Retrieved 26 November 2015.
- ^ Fahy, Michael (25 November 2015). "Decision on plans to transform New Scotland Yard due early next year". The National. Retrieved 26 November 2015.