GFH Financial Group has paid £100 million (Dh528.7m) to acquire 30 per cent of No 1 Palace Street in London’s Victoria.

The Bahrain-based investment company said it has signed a deal with Palace Revive Developments Limited for the site which is being redeveloped by Northacre.

A company controlled by Abu Dhabi Financial Group (ADFG) owns 68.84 per cent of Northacre, the developer of the exclusive site that is located next to Buckingham Palace.

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