Showing posts with label Buyers still wanted for world's dearest address. Show all posts
Showing posts with label Buyers still wanted for world's dearest address. Show all posts

Thursday, 20 January 2011

Buyers still wanted for world's dearest address - Architecture, Arts & Entertainment - The Independent: "With its silk curtains, a private cinema, and room service that brings food purported to be worthy of Michelin stars, One Hyde Park is the most expensive block of flats in the world. And after three years of traffic jams, London's most lavish residential tower finally opened its high-design doors yesterday, even though nearly half of its 86 apartments are still to be sold.

The luxury property's developers, Christian Candy and his brother Nick, treated 300 guests to a lavish spread cooked by the chef Heston Blumenthal. But while the block's £135m penthouse has been sold to an anonymous purchaser, the Candy brothers maintain the development is still only 60 per cent sold. In 2008, The Independent reported the building had sold a comparable percentage of properties.

'One Hyde Park continued to progress despite the global downturn,' Richard Williams, director of the Candys' special-purpose development company in charge of the building, said. 'We are very fortunate to have secured the planning consent for the development pre-credit crunch.' Mr Williams said current sales equal £900m, with buyers mainly from the Middle East and Asia."

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