Northacre

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

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

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 they own via Spadille Limited, a Jersey registered investment vehicle.[2]

Developments

Northacre own 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. ↑ "Board of Directors". Northacre. Retrieved 26 November 2015.
  2. ↑ "Spadille Limited". ADFG. Retrieved 26 November 2015.
  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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