One Hyde Park

$220 Million London Penthouse Now World's Most Expensive

Filed under: Estates, Real Estate Developments, Wealth

A six-bedroom penthouse at London's posh One Hyde Park development (above) has just sold for a record-breaking £140 million, or about $220 million, making it the most expensive piece of residential real estate in the world (in terms of current listings and sales). The massive deal eclipses the paltry $150 million asking price for The Manor, Candy Spelling's monstrous mansion in Holmby Hills, California, previous holder of the World's Most Expensive title. While the identity of the buyer remains a closely-guarded secret, speculation is centering on oligarchs and oil sheikhs, the London Telegraph reports. The palatial penthouse stretches across two floors and boasts bullet-proof windows, a panic room and stunning views across the Serpentine lake in Hyde Park.

The new owners will also have access to 24-hour room service from the neighboring Mandarin Oriental hotel, spas, squash courts a private wine-tasting facility and protection from security guards who are former members of the SAS, the UK's elite special forces unit. One Hyde Park, which boasts 86 properties starting at around £20 million, is comprised of four hexagonal tower blocks due to be completed by December. Back in 2008 when the project was in its infancy my colleague Deirdre Woollard reported that Sheikh Hamad, the foreign minister of Qatar, had agreed to purchase an apartment there for a rumored £100 million, or around $196 million. More recently we revealed that British supercar maker McLaren will open a luxe new showroom in the development as well. Take a look at the images after the jump.

Tags: Beverly Hills, Holmby Hills, Hyde Park, London, Mandarin Oriental, McLaren, One Hyde Park, penthouse, Qatar, real estate, The Manor, worlds most expensive

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McLaren to Open Showroom in London's Luxe One Hyde Park

by Jared Paul Stern (RSS feed) —

Filed under: Luxury Cars & Autos, Real Estate Developments, Architecture & Design

Famed British race-bred auto marque McLaren has announced plans for a luxurious new London showroom at the base of the posh One Hyde Park development, currently under construction between Harrods and Harvey Nichols in the swanky Knightsbridge neighborhood. The premises (rendering above) will serve as the flagship for the company to flog its wicked new $250,000 MP4-12C supercar, a carbon fiber rocket with a 600 hp twin-turbo V8 engine. One Hyde Park, designed by Rogers Stirk Harbour and Partners, is due to open in late October with the McLaren showroom slated to follow early next year. As well as its supercar, the showroom will display a selection of McLaren's Formula 1 race cars.

[via Auto Express]

Tags: British car, Formula 1, Harrods, Knightsbridge, London, McLaren, One Hyde Park, retail, showroom, supercar, UK

Big Sales at London's One Hyde Park Development

by Deidre Woollard (RSS feed) —

Filed under: Estates

High-end real estate in London is alive and well. Last March I mentioned that Sheikh Hamad, the foreign minister of the Gulf State of Qatar had picked up an apartment for a rumored £100 million (around $196 million) in One Hyde Park and now the Sunday Times reports that he is not alone. They report that half of the 80 apartments at the luxury complex designed by Richard Rogers have been contracted to be sold. The super rich from around the world have been spending prices of around almost £6000 per square foot with an average apartment price of £20 million ($39.23 million). Most of the buyers are from elsewhere with 39% coming from Russia and 25% from the Middle East while just 14% of the buyers are from Britain. The property will have an underground passage to the nearby Mandarin Oriental hotel and access to all hotel amenities. The project is expected to be completed in 2010.

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Tags: development, london, one hyde park, OneHydePark