Northacre
{{Short description|Property company of the United Kingdom}}
File:Lancasters Facade Retention by Northacre Plc.jpg
File:The Lancasters, Bayswater, London.jpg
Northacre plc is a British property company that develops luxury apartments in London, and is 69% owned by Abu Dhabi Financial Group (ADFG).
History
Northacre was founded in 1977 by the Swedish 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.{{cite web|title=Board of Directors|url=http://www.northacre.com/investors/board-of-directors/|website=Northacre|accessdate=26 November 2015}}
Abu Dhabi Financial Group (ADFG) acquired 68.84% of Northacre, which it owns via Spadille Limited, a Jersey-registered investment vehicle.{{cite web|title=Spadille Limited|url=http://adfg.ae/en/group-companies-spadille-lmtd/|website=ADFG|accessdate=26 November 2015|archive-url=https://web.archive.org/web/20151208032529/http://adfg.ae/en/group-companies-spadille-lmtd/|archive-date=8 December 2015|url-status=dead}}
Developments
Northacre owns 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.{{cite news|last1=Fahy|first1=Michael|title=Decision on plans to transform New Scotland Yard due early next year|url=http://www.thenational.ae/business/property/decision-on-plans-to-transform-new-scotland-yard-due-early-next-year|accessdate=26 November 2015|work=The National|date=25 November 2015}}