ABU DHABI INVESTOR ACQUIRES GREAT SCOTLAND YARD HOTEL IN LONDON

Abu Dhabi-based Lulu Group International has acquired London's famous Great Scotland Yard building, which once housed the headquarters of the London Metropolitan Police, from Galliard Homes for £110 million. Construction of a hotel is already underway at the 92,000 ft² site and the 233-room Great Scotland Yard is due to open in the first quarter of 2017. Steigenberger Hotel Group has been selected to operate the seven-storey hotel, which will retain the building's original Edwardian façade.

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