{"id":9452,"date":"2016-03-30T15:34:47","date_gmt":"2016-03-30T08:34:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=9452"},"modified":"2016-03-30T13:45:15","modified_gmt":"2016-03-30T06:45:15","slug":"gfh-buys-30-stake-in-londons-no-1-palace-street","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-buys-30-stake-in-londons-no-1-palace-street\/","title":{"rendered":"GFH buys 30% stake in London's No 1 Palace Street"},"content":{"rendered":"


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\nGFH Financial Group has paid \u00c2\u00a3100 million (Dh528.7m) to acquire 30 per cent of No 1 Palace Street in London’s Victoria.The Bahrain-based investment company said it has signed a deal with Palace Revive Developments Limited for the site which is being redeveloped by Northacre.A company controlled by Abu Dhabi Financial Group (ADFG) owns 68.84 per cent of Northacre, the developer of the exclusive site that is located next to Buckingham Palace.
\nThe property includes 72 “super luxury” apartments, GFH said in a bourse filing.ADFG said in 2014 that it expected penthouses at No 1 Palace Street to fetch as much as \u00c2\u00a360m when they eventually go on sale.”Victoria is going through a lot of changes, and what I think will be a major change will be the emergence of the first super-luxury development, which is No 1 Palace Street,” ADFG chief executive Jassim Alseddiqi told The National in a 2015 interview.
\nEarlier, the group also acquired New Scotland Yard, home to the London Metropolitan Police since the 1960s, for \u00c2\u00a3370m from the Mayor’s Office for Policing and Crime.The 600,000 sq ft site is being redeveloped into a mixed-use project.scronin@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…GFH buys 30% stake in London’s No 1 Palace Street<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

GFH Financial Group has paid \u00c2\u00a3100 million (Dh528.7m) to acquire 30 per cent of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-9452","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2ss","jetpack-related-posts":[{"id":16272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-acquires-midwestern-property-portfolio-in-third-us-purchase\/","url_meta":{"origin":9452,"position":0},"title":"GFH acquires Midwestern property portfolio in third US purchase","date":"June 12, 2016","format":false,"excerpt":"\r GFH has announced its third US real estate acquisition of the past 18 months, with the purchase of a portfolio of Midwestern distribution, warehousing and industrial properties for about US$65 million, the Bahrain investment company said on Sunday.GFH has forecast that the deal, which it expects to be reflected\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32709,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adfgs-scotland-yard-deal-sweetened-by-brexit-votes-effect-on-pound\/","url_meta":{"origin":9452,"position":1},"title":"ADFG's Scotland Yard deal sweetened by Brexit vote's effect on pound","date":"November 2, 2016","format":false,"excerpt":"\r Abu Dhabi Financial Group (ADFG) has saved more than US$100 million on its purchase of the Metropolitan Police headquarters in London thanks to the fall in value of the British pound since Brexit.ADFG said that it completed a \u00a3370 million deal to buy the New Scotland Yard office block\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-launches-specialist-property-division\/","url_meta":{"origin":9452,"position":2},"title":"GFH launches specialist property division","date":"June 21, 2016","format":false,"excerpt":"\r GFH Financial Group confirmed yesterday that it is planning to launch a specialist real estate division to develop a number of its projects in Dubai and its home base of Bahrain.The Bahrain-listed investment group said that the division, GFH Real Estate, would have initial assets of US$40 million and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/northacre-says-investors-are-in-for-the-long-haul-on-luxury-london-property\/","url_meta":{"origin":9452,"position":3},"title":"Northacre says investors are in for the long haul on luxury London property","date":"May 29, 2017","format":false,"excerpt":"\r Amid political upheaval in the United Kingdom, the luxury property developer Northacre remains bullish on its outlook for the year as investors take a long-term approach to the high-end market in London. After a difficult 2016 dominated by the Brexit vote, triggering a dramatic drop in property prices and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84007,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bahrains-gfh-to-hand-out-85m-in-cash-dividends\/","url_meta":{"origin":9452,"position":4},"title":"Bahrain's GFH to hand out $85m in cash dividends","date":"March 27, 2018","format":false,"excerpt":"\r Shareholders also approve 2017 financial results which include net profit of $104m\r \r Source : arabianbusiness.com\r Read more...Bahrain's GFH to hand out m in cash dividends","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-to-inject-cash-in-stalled-bahrain-development\/","url_meta":{"origin":9452,"position":5},"title":"GFH to inject cash in stalled Bahrain development","date":"December 5, 2016","format":false,"excerpt":"\r GFH Financial Group (GFH) has completed a debt-restructuring agreement with the developer of a long-delayed US$700 million project in Bahrain.In a statement to the Dubai stock exchange on Monday, GFH said it had signed a final sukuk-restructuring agreement with Bahrain-based Gulf Holding Company (GHC), the developer of the Villamar\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9452"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=9452"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9452\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}