Dubai-backed Northacre Properties completes landmark London scheme


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London-based super-prime property developer Northacre Properties has announced the completion of its "momentous" wellness-themed real estate scheme, called the The Broadway.

One of Central London’s largest prime residential sites, The Broadway is set over a land area of 75,000 square feet in Westminster, on the former site of the Metropolitan Police headquarters acquired by Northacre owner Shuaa Capital in 2016 for £370 million.

Squire and Partners were the project's architects and its main contractors were Multiplex.

The six architecturally striking towers at The Broadway provide 355,000 square feet of high-end residential space, including 16,000 square feet of health and wellness amenities and a total of 258 apartments.

"Completing the project on time is a momentous milestone and rounds off an exemplary construction programme,” said Jassim Alseddiqi, managing director of Shuaa Capital and chairman of Northacre Properties.

Alongside residential, the development also provides 116,000 square feet of office space, and 27,000 square feet of retail.

The one part of the project yet to be fully realised is Orchard Place, described by Northacre as a "dynamic new public thoroughfare, that aspires to be the wellness capital of London".

Orchard Place was once home to the orchards of Westminster Abbey, and the design seeks to pay homage to this verdant past through plants at street level and two landscaped fourth-floor gardens.

The private residents' gardens on the fourth level of The Broadway. Photo: Luxury Marketing House
The private residents' gardens on the fourth level of The Broadway. Photo: Luxury Marketing House

"I am hugely excited about the future of this location ... we seek to bring together the community alongside a myriad of uses to ensure a vibrant and exciting location with people at its heart," said Walid El-Hindi chief executive of Real Estate at Shuaa Capital and group chief executive of Northacre.

"In the coming months we look forward to revealing our anchor tenants that will play a huge role in creating a wellness destination London has not seen before."

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

UAE currency: the story behind the money in your pockets

Women’s World T20, Asia Qualifier

UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs

Standings (P, W, l, NR, points)

1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0

Final
Thailand v UAE, Monday, 7am

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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Director: Guy Ritchie

Stars: Colin Farrell, Hugh Grant 

Three out of five stars

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
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Price: From Dh330,000 (estimate)
$1,000 award for 1,000 days on madrasa portal

Daily cash awards of $1,000 dollars will sweeten the Madrasa e-learning project by tempting more pupils to an education portal to deepen their understanding of math and sciences.

School children are required to watch an educational video each day and answer a question related to it. They then enter into a raffle draw for the $1,000 prize.

“We are targeting everyone who wants to learn. This will be $1,000 for 1,000 days so there will be a winner every day for 1,000 days,” said Sara Al Nuaimi, project manager of the Madrasa e-learning platform that was launched on Tuesday by the Vice President and Ruler of Dubai, to reach Arab pupils from kindergarten to grade 12 with educational videos.  

“The objective of the Madrasa is to become the number one reference for all Arab students in the world. The 5,000 videos we have online is just the beginning, we have big ambitions. Today in the Arab world there are 50 million students. We want to reach everyone who is willing to learn.”

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Director: Raed Zeno

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THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

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Director: Maggie Gyllenhaal

Starring: Olivia Colman, Jessie Buckley, Dakota Johnson

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Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Updated: August 23, 2022, 8:50 AM`