Yusuffali Musaliam Veettil Abdul Kader born 15th November 1955 at Nattika, Thrissur district, Kerala,one of India’s richest , the Managing director of Abu Dhabi based EMKE Lulu group of companies, that own the Lulu Hypermarket chain in Middle East and Cochin with an annual turnover of £2.9 billion $4.5 billion globally has bought the existing Edwardian building was constructed in 1910 and was an Army recruitment centre and Royal Military Police headquarters, the original Scotland Yard site, in Whitehall for £110m.
According to the recent Forbes Listing, Yusuff Ali is currently the 39th wealthiest Indian and the 737th richest in the world, with a personal wealth of £1,8 billion, $2.8 billion He acquired 4.99 per cent shares of the 93-year-old Thrissur-based Catholic Syrian Bank, and has increased his stake in the Kerala based Federal Bank to 4.47 per cent.The property is being converted into a luxury hotel by developer Galliard Homes.
The completed hotel will be owned by Mr Kader’s Abu Dhabi-based Lulu Group International and operated by Steigenberger.
The 92,000 sq ft hotel will become the group’s first UK property and is due to open in the first quarter of 2017.
The site, at 1- 5 Great Scotland Yard, was the location of the original Scotland Yard police station between 1829 and 1890.
It was refurbished in 1982 and housed a Ministry of Defence library until 2004.
Galliard acquired the site in late 2013 and had been in talks with Malmaison hotels, but its US private equity owners KSL Capital Partners sold the business and the deal fell through.