Rat and Mouse
banner ad
Thu
29
Mar
One Hyde Park penthouse - SOLD! TO THE OWNER!

onehyde_450x338
Now here's a strange one. Remember when we heard that Bowater House was being replaced by this super-luxury block, overlooking Hyde Park and topped by penthouses so fine the super-rich were going to be asked cage-fight just for viewings? The talk, then, was of penthouses reaching £20 million. But soon, the talk was of offers of £84 million. Then, news emerged the development was receiving funding from Sheikh Hamad. Well, the latest is that one penthouse has broken all records for an apartment sale anywhere in the world and has been picked up for no less than £100 million. Who's the proud new owner? It's Sheikh Hamad, who appears to have guaranteed himself a record-breaking profit by buying the apartment himself. Man, I bet those negotiations were weird. Did he hire two lawyers? Or did Candy & Candy hire an entire army of them? Anybody out there have any idea of how the financing worked on this?

Technorati Tags: , ,


Please feel free to comment on this entry







 


POSTCODES
THANKS TO
ENTRIES BY MONTH
ABOUT
UK PROPERTY RESOURCES
US / INTERNATIONAL PROPERTY BLOGS
LONDON BLOGS
CREDITS
Publisher Editor Technical and Design Hosting Software