Multiplex signed the contract to deliver The Broadway in November, reports developer Northacre.
Following a successful nine-month single-stage competitive tender process for the £422m design and build contract, Multiplex will now deliver the 1.72-acre mixed-use development on the site of the former Metropolitan Police headquarters. Once completed, The Broadway will comprise 268 apartments across six towers, 142,000 sq ft of commercial and retail accommodation, public realm and a new thoroughfare linking Victoria Street with St James’s Park tube station.
David Harman, Development Director at Northacre commented: “The contract signing marks an important milestone for the delivery of The Broadway, which will provide a new world-class, vibrant scheme for this key part of Westminster.”
Ian Pratt, Project Director at Multiplex added: “We are very pleased to secure this contract and look forward to working alongside Northacre to help realise their vision of making The Broadway the newest landmark destination for design, fashion and high-quality living.”
Multiplex will take possession of the site in February 2019 and the development is due to be completed in December 2021.
17/12/2018 12:49 by Buildington
The Broadway Hong Kong exhibition takes place 9th and 10th September at Landmark Mandarin Oriental.
Joint agents Savills and JLL.
04/09/2017 11:48 by Buildington
The Broadway launches its sales event in Bangkok on Saturday 2nd and Sunday 3rd September 2017!
29/08/2017 12:54 by Buildington
Register your interest in The Broadway apartments at thebroadwaylondon.com.
17/08/2017 11:31 by Buildington
The official transferral of the former New Scotland Yard headquarters to new owners, BL Development Limited, an investment vehicle controlled by ADFG, was completed on Monday.
Northacre, London's leading property developer has been appointed to undertake construction of the new scheme, named 'The Broadway'.
ADFG acquired New Scotland Yard from the Mayor's Office for Policing and Crime (MOPAC) in December 2014 for £370 million, with planning permission granted in April 2016. Set to complete in 2021, The Broadway will provide 485,000-sqft residential, 146,000-sqft commercial and 37,500-sqft of retail space in the heart of Westminster. The Broadway's six architecturally striking buildings will provide a 20,000-sqft public realm linking Victoria Street with Broadway Street.
Assistant Commissioner of the Metropolitan Police Helen King, ADFG CEO Jassim Alseddiqi, ADFG COO Mustafa Kheriba and Northacre CEO Niccolò Barattieri di San Pietro marked the completion of this landmark deal in front of the iconic New Scotland Yard sign, before its move to the new headquarters on Victoria Embankment.
Jassim Alseddiqi comments: "The Broadway represents the future of urban living, a thriving destination to live, work and play in a world-class address surrounded by unparalleled views of London's most famous landmarks."
Niccolò Barattieri di San Pietro comments: "The official handover of New Scotland Yard marks the beginning of the first phase of its development. The Broadway is an important milestone in Northacre's history; our first major mixed-use development which will set a new standard for London living, working and leisure."
Helen King comments: "The Metropolitan Police Service is focused on providing a more modern, efficient and cost-effective estate, ensuring we remain at the forefront of 21st century policing and get more officers out on the streets, cutting crime and providing total care for Londoners."
"By selling this building and moving our headquarters to Curtis Green, we're able to make savings to invest in frontline policing, improving the technological capability of the force and develop facilities like a brand new, state of the art police training centre in Hendon which was officially opened this month. This is a significant and exciting move for us and marks a new era of policing for the MPS."
Source: Northacre www.northacre.com
02/11/2016 10:05 by Buildington
The Metropolitan Police has moved out of Ten Broadway as New Scotland Yard was formally handed over to new owners on Monday, 31st October 2016, reports Evening Standard.
Today marks a new era of policing for the Met as the keys to historic headquarters #NewScotlandYard were handed over to its new owners, tweeted Metropolitan Police @metpoliceuk.
02/11/2016 09:50 by Buildington
New Scotland Yard building has been sold to Abu Dhabi developers Abu Dhabi Financial Group for £370m (£120m more than the guide price).
Via BBC: New Scotland Yard sold to Abu Dhabi investors for £370m http://www.bbc.com/news/uk-england-london-30394974
09/12/2014 22:24 by Buildington
Stephen Greenhalgh, The Deputy Mayor for Policing and Crime, has confirmed the sale of New Scotland Yard.
The 1960s office block in the heart of Victoria, home to the Met Police HQ since 1967, is being sold by the Mayor’s Office for Policing And Crime (MOPAC) as part of a radical overhaul of London’s police estate. All proceeds from the sale will be reinvested into frontline policing.
With a guide price of £250m, the 1.7 acre, 600,000 square foot site, marketed by JLL as 'Ten Broadway’, was deemed unfit for modern operational policing purposes. Following an extremely competitive bidding process a preferred purchaser has now been nominated. Details of the sale including price and purchaser will be announced in December once the normal transactional process has been followed and contracts have been exchanged.
Deputy Mayor for Policing and Crime Stephen Greenhalgh said: “Londoners support our plans to put bobbies before buildings and all the proceeds of this sale will be reinvested in frontline policing. Over the coming months we will be able to share these investment plans with Londoners but I’m confident that today’s sale represents the best deal for London.”
The operational HQ of the Met will relocate to the refurbished Curtis Green Building on Victoria Embankment, owned by MOPAC and empty since late 2011. This move alone will save the Met over £6m a year in running costs - equivalent to 130 bobbies on the beat.
15/11/2014 12:30 by Buildington