Dubai-backed developer reports $52m sales in luxury London project

Dubai-backed developer reports $52m sales in luxury London project

UK-based developer Northacre, a subsidiary of Dubai-based Shuaa Capital, revealed on Tuesday that it has seen sales exceeding £40 million ($52 million) for units at its luxury property project in London during the coronavirus pandemic.

The company said it has topped out its latest mixed use development, The Broadway, in Westminster which celebrates the completion of the final floor.

Three-bedroom property boasts views over Big Ben and other London landmarks

It said this follows on from buoyant interest in the development throughout lockdown.

Mustafa Kheriba, Shuaa Capital deputy CEO and Northacre executive director, said: “The topping out of The Broadway development marks significant progress for Northacre. We recently highlighted the continuing strong demand for Northacre's projects, underpinned by attractions of the prime central London market coupled with the current momentum fostered by the UK