London Apartment Sells For Record $ 236M.
The sale makes the 16,000-square foot, two-story penthouse one of, if not the, priciest pieces of real estate on the planet. London has seen a surge in demand from super-rich eastern Europeans as tensions in the region flare
A London penthouse in the city’s famed One Hyde Park housing development for the super rich has traded hands for a cool $236 million, making it the most expensive apartment in London and possibly the world.
The new owner of the 16,000-square foot, two-story penthouse has not been revealed, but London has seen a surge in demand from the Russian and Ukrainian super-wealthy looking for safe places to stash cash amid smoldering tensions and an uncertain future in the region.
The penthouse sold as an empty shell and when fully furnished its value could exceed $270 million, the Financial Times reports. The property is one of four at the One Hyde Park luxury development built in 2011 in Knightsbridge.
Previously, the highest-priced apartment at One Hyde Park went to Ukrainian oligarch Rinat Akhmetov for $229 million.
For a glimpse into this exceptional development, watch the short clip below:
Credit : Time Magazine
GOLD COAST REAL ESTATE – GOLD COAST EXCLUSIVE – CHICAGO REAL ESTATE – GOLD COAST EXCLUSIVE REAL ESTATE – KRISTINE FARRA – TRUMP TOWER – RITZ CARLTON CHICAGO RESIDENCES – THE RESIDENCES CHICAGO – PARK TOWER – PARK HYATT – PALMOLIVE – 980 N MICHIGAN – ONE MAG MILE – 10 EAST DELAWARE – 110 WEST SUPERIOR – LINCOLN PARK 2550 – 2550 N LAKEVIEW – THE GRANT – 840 N LAKE SHORE DRIVE – 850 N LAKE SHORE DRIVE – 500 N LAKE SHORE DRIVE – 65 E GOETHE – 340 E RANDOLPH – THE LEGACY AT MILLENNIUM PARK – 55 E ERIE – THE FORDHAM – 30 E HURON – THE ELYSIAN – WALDORF ASTORIA CHICAGO – THE PINNACLE – 77 E WALTON – THE FOUR SEASONS – 132 E DELAWARE – WATER TOWER PLACE – 250 E PEARSON – PEARSON ON THE PARK – OLYMPIA CENTRE – NEIMAN MARCUS – 980 N MICHIGAN – ADLER PLACE – 111 W WACKER