Abu Dhabi Financial Group has announced plans to redevelop London’s Metropolitan Police headquarters New Scotland Yard into a six-tower mixed-use development called Ten Broadway.
ADFG said it has received approval from the Planning Committee of Westminster City Council in London to undertake the project.
Northacre London will manage and develop the one million square feet project, which will feature residential, office and retail space.
Set to be completed in 2021, the development has been designed to reflect “existing themes common to the local area,” the company said in a statement.
Northacre chief executive Niccolo Barattieri di San Pietro said: “The design has been carefully considered to incorporate materials sympathetic to the sandstone and brick of the area."
Northacre has appointed Bilfinger GVA as the planning consultant and Squires and Partners as the architect for the project.
ADFG acquired New Scotland Yard from the Mayor’s Office for Policing and Crime for £370m ($510bn) in December 2014.
ADFG CEO Jassim Alseddiqi said: “The approval by Westminster City Council for the redevelopment of the Ten Broadway site is a major milestone in our ambition to replace a world famous headquarters with a world class premises.
“Throughout this process, the objective has been to create a modern and luxury mixed-use real estate, which complements and adheres to Westminster’s world-famous aesthetics.”
Through its majority stake in Northacre, ADFG is also currently involved in the redevelopment of No.1 Palace Street, situated in Central London adjacent to Buckingham Palace.
Spread across 302,377 sqft, the development will comprise 72 luxury apartments, a restaurant and health and fitness facilities. It is slated for completion in 2018.
“With the Ten Broadway and 1 Palace Street projects in development, ADFG is behind some of London’s most desirable new addresses and the largest projects undertaken in Central London this decade," added Alseddiqi.
By Aarti Nagraj
