One Hyde Park – Bought for £140M.
September 13th, 2010
Firstly let me say I wasn’t involved in finding it. I might have struggled to come to terms with suggesting a client pay £6,000 a square foot for a flat as grateful as I would have been for the commission fee. The cheapest one bed (1,000 sq ft) start at £5m.
There are about 85 units many of which are reserved or exchanged. The development as a whole should be completed in weeks.
People say (don’t want to sound like Jeremy Clarkson) that the buyer is Sheik Hamad who owns Al Jazeera the Arab media outfit. Perhaps he will create a spur to Al Jazeeras offices off an existing underground walkway to the Mandarin Continental & The French Embassy so he can avoid the traffic. He will have bullet proof windows, SAS trained guards and a panic room too.
Want to see more? Go to the architects site for some interesting facts or perhaps the agents site for a musical and visual experience you may or may not feel justifies the price tag!
Labels: house price statistics
This is a great article. It appears that some haven’t been affected by the recession at all. However, foreign investors are purchasing property in the UK at present, whilst the pound is weak.