Northacre

Northacre

Northacre

Property company of the United Kingdom

Northacre plc is a British property company that develops luxury apartments in London, and is 69% owned by Abu Dhabi Financial Group (ADFG).

Facade retention work at The Lancasters, Bayswater, London
The Lancasters

History

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

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

  1. [1]
    "Board of Directors". Northacre. Retrieved 26 November 2015.
  2. [2]
    "Spadille Limited". ADFG. Archived from the original on 8 December 2015. Retrieved 26 November 2015.
  3. [3]
    Fahy, Michael (25 November 2015). "Decision on plans to transform New Scotland Yard due early next year". The National. Retrieved 26 November 2015.
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