Headquarters United Kingdom | Founded 1977 | |
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Subsidiaries Northacre Land Ltd, Northacre Capital (2) Ltd | ||
Northacre plc is a British property company, which develops luxury apartments in London, and is 69% owned by Abu Dhabi Financial Group (ADFG).
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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.
Abu Dhabi Financial Group (ADFG) acquired 68.84% of Northacre, which they own via Spadille Limited, a Jersey registered investment vehicle.
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.