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Abu Dhabi Financial Group buys New Scotland Yard for £370m

It has been confirmed that Abu Dhabi Financial Group has acquired the former home of the London Metropolitan Police - New Scotland Yard - for £370m, besting ten other firms eager to own the development. The 600,000 sq ft property has been named ‘Ten Broadway’ and will now be redeveloped into a mixed-use scheme.

In October 2013, Allford Hall Monaghan Morris won a design competition for the new home of the London Metropolitan Police on the Victoria Embankment.

Jassim Alseddiqi, CEO of Abu Dhabi Financial Group, said: “The New Scotland Yard site will be one of the most important redevelopment projects undertaken in Central London this decade, replacing a world famous headquarters with a world class development. With the bid process now complete, we look forward to creating an exceptional new landmark for London.”

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