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"They love London," said Niccolo Barattieri di San Pietro, CEO of luxury property developer Northacre, which is owned by the Abu Dhabi Financial Group. "They want to send their kids there, they speak the language, they understand the legal system.". Northacre started selling units at The Broadway in London last week. The development consists of 285 apartments on the site of the former police headquarters at New Scotland Yard in Westminster. The apartments start at £2 million ($2.6 million). Barattieri estimates that 80% of luxury London homes are bought by foreign investors, and the fall in the pound since the U.K. voted to leave the European Union has helped. "Especially right now, where ... Full story

12 October