Last updateWed, 15 Apr 2015 5pm

#Acquisition: Indian billionaire to buy Great Scotland Yard

An Abu Dhabi-based Indian billionaire Yusuff Ali is in talks to buy the iconic Great Scotland Yard in London

An Abu Dhabi-based Indian billionaire is in talks to buy the iconic Great Scotland Yard in London.

Kerala-born retail magnate M. A. Yusuff Ali is reportedly in “advanced negotiations” with the current owners of the property and is said to have offered in excess of £100 million for the building in Whitehall. 

The Grade II-listed property was the original home of the Metropolitan Police before its move to New Scotland Yard.  The site is being turned into a luxury 5-star hotel by the Galliard Group. 

According to the Sunday Times, Mr Ali, 59, is expected to finalize a deal for the property in the coming days.

Mr Ali, who is worth an estimated $2.5 billion, is best known as founder of the LuLu Group which operates a string of supermarkets across the Gulf Region as well as south India, Indonesia and Malaysia.

The businessman also has a wide variety of other interests, including investments in hotels and banks in India.  He also holds a 10% stake in the London-based trading company The East India Company. 

Great Scotland Yard was chosen in 1829 as the first home of the Met and has been featured in works by the likes of Charles Dickens and Arthur Conan Doyle for his Sherlock Holmes series.



Related Articles

Photo Gallery- Featured

Diwan Rahul Nanda

"#BallsOfSteel: Diwan Rahul Nanda - The man who threw the cat among the pigeons"

The wealthy come in a myriad different guises – Gopichand Hinduja looks like the unmarried uncle everyone ignores; Lalit Modi looks like a character from the Indian version of ‘Only Fools and Horses’ whilst Narayan Murthy looks like a bored tax collector on the verge of retirement.

  • latest Post

  • Most Read

  • Events

雪茄| 雪茄烟网购/雪茄网购| 雪茄专卖店| 古巴雪茄专卖网| 古巴雪茄价格| 雪茄价格| 雪茄怎么抽| 雪茄吧| 雪茄哪里买| 雪茄海淘| 古巴雪茄品牌| 推荐一个卖雪茄的网站| 非古雪茄| SO站| 港水雪茄 帕特加斯d4 大卫杜夫雪茄 高希霸雪茄 蒙特雪茄 好友雪茄

古巴雪茄品牌| 非古雪茄品牌

Addmotor electric bike shop

Beauties' Secret cosmetic and skincare

DecorCollection European design furniture| sofa hk| sofas| beds| coffee tables| dining tables| dining chairs| sideboards| furniture hk| Cattelan Italia| Koinor

Wycombe Abbey| private school hong kong| English primary school Hong Kong| primary education| top schools in Hong Kong| best international schools hong kong| best primary schools in hong kong| school day| boarding school Hong Kong| Wycombe Abbey School