Dubai —Dentons advises on the SHUAA backed Northacre collaboration with St. Regis for luxury residences to be operated at No.1 Palace Street, London.

SHUAA Capital, one of the leading asset management and investment banking platforms in the Middle East, recently announced that its subsidiary Northacre has joined forces with St. Regis as manager of No.1 Palace Street, London.

The project, opposite Buckingham Palace, the official London residence of Her Majesty the Queen of the United Kingdom, will create a truly unrivalled offering for Northacre's first branded residence and bring significant additional investment to the London property market.

This collaboration is testament to the successful re-development of this site, comprising 72 luxury apartments and incorporating an existing Grade II listed building, originally built as the Palace Hotel in the 19th century.

Nick Simpson, Partner and Middle East Head of Real Estate and Hospitality at Dentons commented: "This landmark development will be one of the ultimate living addresses in London and Dentons is proud to have played a part in helping to realise this vision."

The Dentons team was led by partner and Middle East head of real estate and hospitality, Nick Simpson, London-based partner Simon Masri and included counsel, Chris Foxall, senior associate Joe Carroll and consultant Shahzaib Khan.

About SHUAA Capital psc

SHUAA Capital psc (DFM: SHUAA) is a leading asset management and investment banking platform. SHUAA Capital psc is recognized for its strong track record and pioneering approach to investing through a differentiated, innovative and global product offering focused on public and private markets, debt and real estate.

The asset management segment, one of the region’s largest, manages real estate funds and projects, investment portfolios and funds in the regional equities, fixed income, and credit markets; it also provides investment solutions to clients, with a focus on alternative investment strategies. The investment banking segment provides corporate finance advisory, transaction services, private placement, public offerings of equity and debt securities, while also creating market liquidity on OTC fixed income products. The firm is regulated as a financial investment company by the Securities and Commodities Authority. www.shuaa.com

About Dentons

Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you. www.dentons.com