LuLu Group poised to buy London’s Great Scotland Yard for $145m

A Middle Eastern retail conglomerate is under offer to buy Great Scotland Yard, the original home of the Metropolitan Police in London, for a price in excess of £100 million ($145 million).

LuLu Group International is in advanced talks to buy the Grade II listed building, which is being turned into a five-star hotel by developer Galliard Group.

If the deal goes ahead, Middle Eastern investors will control both of the Met’s former homes, after its current headquarters at New Scotland Yard was sold to Abu Dhabi Financial Group (ADFG) for £370 million in December.

LuLu Group is expected to pay a deposit to seal the deal in the coming days. A spokesman for the company declined to comment when contacted by Arabian Business.

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LuLu Group poised to buy London’s Great Scotland Yard for $145m