1 Palace Street, London SW1
No. 1 Palace Street, due for completion mid 2022, is an ambitious residential revival of an island site incorporating five distinct and elegant architectural styles. It includes a spectacular Grade II listed building overlooking Buckingham Palace.
The completed scheme will include an elegant new contemporary facade facing onto Palace Street designed by award-winning architects Squire & Partners.
Property
- 1 Palace Street, London SW1
No. of Apartments
- 72
Total Gross Area
- 153,000 sqft
Amenities
- Underground car parking
- Communal courtyard garden
- Spa and wellness centre
- Swimming pool and personal training studios
- Full concierge services
- Restaurants
Site Area
- ~4,000 sqm (0.99 acres)
Architect
- Squire & Partners
Main Contractor
- Balfour Beatty
Practical Completion
- Q4 2021
The Broadway, London SW1
Set for completion at the end of Q2 2022, the transformation of New Scotland Yard – the former site of the Metropolitan Police Services headquarters – into The Broadway is one of London’s most anticipated super-prime redevelopment projects.
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, totalling nearly 600,000 square feet (55,740 square metres), 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
Practical Completion
- Q4 2021
SHUAA Capital Saudi Arabia (SCSA) manages four regional real estate funds with a total AUM of more than SAR 1 billion
SHUAA Wadi Al
Hada Fund
SAR 579,870,000
- Fund Manager & Fund Administrator
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
SHUAA Wadi Al Hada Fund
SHUAA Wadi Al Hada Fund
SCSA is the investment manager to SHUAA Wadi Al Hada Fund, a Capital Markets Authority (CMA) regulated fund with the primary objective of developing a high-end residential compound in Riyadh – Al Hada 3 Compound – comprising 548 units.
The compound will be an elegant and highly amenitized mid- to high-end residential development. The fund’s term is due to expire in 2022, unless extended.
Land Area
- 208,434 sqm
Built-up Area
- 150,040 sqm
Number of Units
548
Villas – 60
Apartments – 488
Net Leasable Area
85,647 sqm
Apartments – 64,960 sqm
Villas – 17,299 sqm
VVIP Villas – 2,335 sqm
Commercial – 1,052 sqm
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
