May
2012
Wednesday, August 25, 2010
Jared Paul Stern, Luxist, 

World’s Most Expensive Penthouse Sells for $220 Million in London

A six-bedroom penthouse at London's posh One Hyde Park development 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.

The inconceivable 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 still under construction.

Posted by Editor on 08/25/10 at 08:54 PM •  (0) Comments

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