A six-bedroom, duplex penthouse apartment in one of the four towers of the One Hyde Park development the Knightsbridge section of London has been sold reportedly for about $220 million, according to an article today at holidarylettings.co.uk
The article said the sale made it "Britain's priciest property," adding that "its proud owner will enjoy sweeping views of the London skyline, private wine tasting facilities and top-of-the-range security features which include bullet-proof windows and a panic room."
"With tunnel access directly to the luxurious surroundings and 24-hour room service of the Mandarin Oriental Hotel, lucky One Hyde Park residents will soon have the culinary genius of TV chef Heston Blumenthal right on their doorstep as he opens his first London restaurant," the article continued.
The development consists of four hexagonal mid-rise towers designed by Sir Richard Rogers' architectural firm Rogers Stirk Harbour.
"The site was acquired by property developer brothers Nick and Christian Candy for ¿150 million back in 2004. The average cost of an apartment is a comparatively miniscule ¿20 million, while the price tag of this particular penthouse is astronomical even by the standards of other London apartments. The recent sale dwarfs the previous purchase price record held by an apartment in Westminster's 8 St James's Square, sold for ¿115 million in 2008," the article noted.
"News of the purchase comes as a report by the Royal Institution of Chartered Surveyors indicates a fall in house prices after months of growth, amidst nationwide analysis that it is now tougher than ever for first-time buyers to get onto the property ladder," the article said.
An article by Jared Paul Stern today at luxist.com said that the sale is "the most expensive piece of residential real estate in the world" and "eclipses the paltry $150 million asking price for The Manor, Candy Spelling's monstrous mansion in Beverly Hills.
The article said that One Hyde Park will have 86 units and is expected to be completed by December.
The article said the sale made it "Britain's priciest property," adding that "its proud owner will enjoy sweeping views of the London skyline, private wine tasting facilities and top-of-the-range security features which include bullet-proof windows and a panic room."
"With tunnel access directly to the luxurious surroundings and 24-hour room service of the Mandarin Oriental Hotel, lucky One Hyde Park residents will soon have the culinary genius of TV chef Heston Blumenthal right on their doorstep as he opens his first London restaurant," the article continued.
The development consists of four hexagonal mid-rise towers designed by Sir Richard Rogers' architectural firm Rogers Stirk Harbour.
"The site was acquired by property developer brothers Nick and Christian Candy for ¿150 million back in 2004. The average cost of an apartment is a comparatively miniscule ¿20 million, while the price tag of this particular penthouse is astronomical even by the standards of other London apartments. The recent sale dwarfs the previous purchase price record held by an apartment in Westminster's 8 St James's Square, sold for ¿115 million in 2008," the article noted.
"News of the purchase comes as a report by the Royal Institution of Chartered Surveyors indicates a fall in house prices after months of growth, amidst nationwide analysis that it is now tougher than ever for first-time buyers to get onto the property ladder," the article said.
An article by Jared Paul Stern today at luxist.com said that the sale is "the most expensive piece of residential real estate in the world" and "eclipses the paltry $150 million asking price for The Manor, Candy Spelling's monstrous mansion in Beverly Hills.
The article said that One Hyde Park will have 86 units and is expected to be completed by December.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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