An Abu Dhabi-based Indian businessman has bought the original headquarters of Metropolitan Police in London for £110 million, with plans to develop the prime property into a luxury hotel.
Yusuffali MA’s Lulu Group International, in partnership with Galliard Homes, will build a 92,000 sq ft five-star hotel in the refurbished Edwardian building at Great Scotland Yard.
An adjoining Grade 2-listed Victorian town house will be incorporated into the hotel. It will be seven storeys high with two basement levels.
“We are extremely pleased to have concluded this deal for the iconic Scotland Yard building. We have been actively evaluating investment opportunities that both grow our footprint and contribute to the further development of London.
“Our interest in the iconic Great Scotland Yard is a step in that direction,” Adeeb Ahamed, managing director of Twenty14 Holdings, the hospitality arm of Lulu group, said.
The refurbished development will retain the grand Edwardian Imperial red brick and stone facade with an arched main entrance, ornate pediment and tall windows with feature brick and stone detailing.
This is the second investment by Yusuffali, the managing director of Lulu Group International, in London after his previous investment in the East India Company.
The hotel is scheduled to open in 2017 and will provide employment for up to 250 full-time staff. Construction on site is now 30 per cent complete.
Managing director of Galliard Homes, Don O’Sullivan, said: “Galliard Homes is delighted to have reached an agreement with Lulu Group International to create a bespoke five-star hotel in the heart of London’s Whitehall. The Great Scotland Yard Hotel will be a brand synonymous with exceptional service and refined luxury and quality.”
Between 1829 and 1890, Great Scotland Yard formed part of the headquarters of the newly-founded Metropolitan Police force.
In 1910, the current Edwardian building was constructed on the site and served as the British Army Recruitment Office and Royal Military Police headquarters.