Abu Dhabi Capital inks Northacre deal

ABU DHABI Capital Management-owned Spadille has agreed a £25.65m deal to buy Northacre, the residential property developer that has a portfolio of prime London addresses across Mayfair and Kensington, including The Phillimores (above). The recommended 96p per share offer is a premium of around 21.5 per cent to the closing price in December, when the stock last traded.