Abu Dhabi Financial Group (ADFG), an investment firm based in UAE Abu Dhabi, has acquired New Scotland Yard, home to the London Metropolitan Police since the 1960s for $579 million.
The the 600,000 sq ft site will be redeveloped into a new multi-use development. Back in November ADFG completed another $485 million deal for the redevelopment of 1 Palace Street, situated in central London. (ADFG is headed by Jassim Alseddiqi and is the parent company of Abu Dhabi Capital Management. It is primarily focused on financial services and real estate, in the GCC, UK and Eastern Europe)
Abu Dhabi Capital Management is listed in the Middle East Investors Directory with the code SINX2
More details follows