The Broadway, London SW1
The Broadway is one of Central London’s largest prime residential sites, 1.72 acres. Completed in 2022, the transformation of New Scotland Yard – the former site of the Metropolitan Police Services headquarters – into The Broadway.
SHUAA acquired the island site from the Mayor’s Office for Policing and Crime in 2014 and appointed Northacre to create a thriving, state-of-the-art residential and commercial destination with over six 14- to 19-storey towers. The scheme offers 258 exquisite apartments with far-reaching views over London.
Property
The Broadway, London SW1
No. of Apartments
258
Office Space
6 floors (x3 floors in x2 buildings)
116,000 sqft (10,800 sqm)
Retail Space
13 units
27,000 sqft (2,510 sqm)
Total Gross Area
600,000 sqft (55,740 sqm)
Amenities
- Underground car parking
- Communal courtyard garden
- Spa and wellness centre
- Swimming pool and personal training studios
- Full concierge services
Site Area
~7,000 sqm (1.72 acres)
Architect
Squire & Partners
Main Contractor
Multiplex
Completion
2022
SHUAA Capital Saudi Arabia (SCSA) manages three regional real estate funds with a total AUM of more than SAR 750 million
SHUAA Saudi Hospitality
Fund I
SAR 429,927,972
- Fund Manager, Developer & Fund Administrator
Jeddah Centro
Fund I
SAR 95,072,172
- Fund Manager, Developer & Fund Administrator
Dammam Rayhaan
Fund I
SAR 228,399,313
- Fund Manager, Developer & Fund Administrator
Centro Shaheen Jeddah
Centro Shaheen is strategically located in the city of Jeddah on Madinah Road with direct and fast access to and from Jeddah Airport and in close proximity to key demand generators including the new Haramain High Speed Train Station which is expected to connect pilgrims directly to Makkah within 45 minutes.
The property has been operating with positive EBITDA margins averaging c. 25% per annum with high occupancy rates of c. 75%, while ranking in the top 3 of its direct competitive set.
Land Area
2,335 sqm
Built-up Area
22,121 sqm
Gross Floor Area
11,754 sqm
Net Leasable Area
7,126 sqm
Rooms – 6,343 sqm
Facilities – 783 sqm
Number of Units
252
Centro Waha Riyadh
Centro Waha is strategically located in the city of Riyadh on Al Olaya Road with direct and fast access to and from King Khaled Airport and in close proximity to key demand generators including an upcoming metro station at King Abdulla Financial District and major entertainment attractions.
The property has been operating with positive EBITDA margins averaging c. 25% per annum with high occupancy rates of c. 75%, while ranking in the top 3 of its direct competitive set in terms of RevPAR performance.
Land Area
3,600 sqm
Built-up Area
24,589 sqm
Gross Floor Area
13,088 sqm
Net Leasable Area
8,368 sqm
Rooms – 7,539 sqm
Facilities – 829 sqm
Number of Units
290
Dana Rayhaan Dammam
Dana Rayhaan is located in the central business and residential district area of Dammam, approximately 2.5km north east of the city centre and business area (5 mins by car) and close to a man-made bay to the north. We expect this property to benefit from the increased footfall of new major entertainment destinations and events (ex: Dammam Season) that have already commenced within close proximity and from the revival plans set for the Eastern Province.
The property is strategically positioned to stand out from its limited direct competition once operational. The property has been developed to the specification of a modern 5-star hotel which is positioned to be relatively superior to its direct competitive set. Existing competitors in its market segment are relatively aged (some as old as 20+ years) and lack the required attributes to fulfil today’s evolution in customer needs.
Land Area
4,338 sqm
Built-up Area
42,140 sqm
Gross Floor Area
21,871 sqm
Net Leasable Area
12,700 sqm
Rooms – 10,680 sqm
Facilities – 2,020 sqm
Number of Units
285
