Dubai – Mubasher: UK-based property developer Northacre, one of the subsidiaries of Shuaa Capital, has completed the construction of The Broadway, one of the largest projects in Central London.

The company celebrates the completion of the final floor of the mixed-use development which is the 19th floor, according to Shuaa Capital's disclosure to the Dubai Financial Market (DFM) on Tuesday.

In the last six months, the development has recorded sales valued at over EUR 40 million.

The project includes 355,000 sq. ft. of high-end residential space, 117,000 sq. ft. of office space, and 27,000 sq. ft. of retail units.

Currently, Northacre is working on two main Central London developments, comprising The Broadway and No.1 Palace Street. 

Shuaa Capital Deputy CEO and Northacre Executive Director, Mustafa Kheriba, said: "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 government’s changes to Stamp Duty Land Tax."

Meanwhile, Chief Executive at Northacre, Niccolò Barattieri di San Pietro, noted: "This is an exciting milestone in the making of our first mixed-use development, creating one of the largest, if not the largest, high-end residential schemes in London."