Dubai - Mubasher: Shuaa Capital has planned to deliver property projects valued at £2 billion in London through its wholly-owned subsidiary Northacre within the upcoming eight months.
Northacre is currently completing two projects, comprising No.1 Palace Street and The Broadway, both of which are expected to be completed between the end of 2021 and in the first half (H1) of 2022, according to a press release on Monday.
In October, Northacre will launch the first show apartment in The Broadway on the 13th floor of the Cullinan East building overlooking Big Ben and the Houses of Parliament.
Meanwhile, 116,000 square feet of commercial space will be delivered on the market in October.
The Group CEO of Shuaa Capital, Jassim Alseddiqi, 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. "
Meanwhile, the CEO of Real Estate at Shuaa Capital, Walid El-Hindi, remarked: "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."
