1 Palace-Street London1 Palace Street London SW1

A property which stands not far from Britain’s Monarchs Buckingham Palace is to be redeveloped after a financing deal with two Abu Dhabi financial corporations.

National Bank of Abu Dhabi (NBAD) and Abu Dhabi Financial Group (ADFG) have conjointly announced the $490mn deal finance for the project.

The project is to refurbish an existing 5 storey Victorian structure into a 72 high specification apartments along with a restaurant and health centre.  It is expected to be completed in late 2017.