Shuaa Capital is set to complete and hand over £2 billion worth of real estate projects in London through its subsidiary North Acre.
According to Arab Net, Shuaa Capital said in a statement that Northacre is currently focused on completing its two main projects in central London, 1 Palace Street and The Broadway, both of which are expected to be delivered. Between the end of 2021 and the first half of 2022.
1 Palace Street is one of the most prominent real estate projects in the British capital, and is located next to the official residence of Her Majesty Queen Elizabeth in London.
Northacre has recently announced its collaboration with the British luxury label Walpole to fit out the House of Walpole show apartment at 1 Palace Street. In October, Northacre will reveal the first of its kind. A showroom apartment on Broadway, 116,000 square feet of commercial space will also be launched in October.
The Broadway project also includes 27,000 square feet of retail space on the ground floor with an integrated ecosystem that supports healthy lifestyles.
For his part, CEO of Shuaa Capital Group, Jassim Al Seddiqi, said: As one of the major investors in the London luxury real estate market, we are now reaping the fruits of our long-term vision as we move forward. In the completion and delivery of our major real estate projects in London.
Shuaa Capital's Chief Real Estate Officer, Waleed Al Hindi, said: We look forward to exploring more opportunities in line with our strategy to invest in the UK and develop more world-class projects. .
Northacre, Inc. is based in the United Kingdom; It manages real estate projects worth over £2 billion, and has completed 10 luxury residential projects of over one million square feet in the heart of London.
