There is no public actual property itemizing for Penthouse B atop London’s tremendous luxurious high-rise One Hyde Park. The 18,000-square-foot mega-apartment within the metropolis’s ultra-exclusive Knightbridge part is quietly being supplied on the market as a whisper itemizing.
Particulars of the hushed sale are at present solely shared by brokers to potential patrons by way of word-of-mouth or found in articles written concerning the discrete providing like this one.
The One Hyde Park condo constructing comprises a few of London’s costliest residences.
Carl Courtroom | Getty Photos
For these within the know, the whispered price ticket for PH-B is about £175 million ($247 million) or greater than $13,700 per sq. foot.
The nine-figure trophy flat, owned by London actual property developer Nick Sweet, spans two flooring at 9,000 sq. toes per degree, with a complete of 5 bedrooms. Sweet resided there for about 5 years together with his spouse, actress Holly Valance, and their two daughters.
Even at avenue degree, it is clear that One Hyde Park is uber high-end. It is dwelling to Europe’s largest Rolex retailer, which is adjoining to a McLaren automotive dealership full of shiny six-figure supercars.
The constructing was developed by CPC Group — which is owned by Sweet’s brother, Christian Sweet — and Waterknights, an organization managed by former Qatar Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani. And the inside design is by the brothers’ agency, Sweet & Sweet.
A hall contained in the penthouse at One Hyde Park.
Sweet London
“Mr. Sweet hopes to capitalise on this inbound curiosity and the large pent-up demand from abroad patrons as Covid restrictions ease and worldwide journey resumes,” mentioned Rory Penn, head of Knight Frank’s Personal Workplace, which is likely one of the actual property companies representing the whisper itemizing, in an electronic mail.
Whereas the $247 million asking value could appear mind-bogglingly excessive, simply final month, a smaller 14,000-square-foot, unfinished penthouse (PH-D) at One Hyde Park bought for an estimated £111 million ($157 million). Taxes and the build-out charges would doubtless push the price of PH-D, which is 4,000 sq. toes smaller than Sweet’s, up into the vary of £150 million to £160 million ($212 million to $226 million vary), in line with Knight Frank.
“Regardless of the pandemic, extra residential ‘super-prime’ gross sales above US$10m happened in London in 2020 than some other world market,” Penn mentioned.
Final 12 months, London noticed $3.7 billion in transactions of greater than $10 million, outpacing New York and Hong Kong, in line with Knight Frank knowledge.
“The UK capital noticed transactions (above $10M) rise by 3% in 2020, whereas Hong Kong and New York noticed theirs fall by 27% and 48% respectively,” mentioned Penn.
This is a go searching Sweet’s penthouse, which is being supplied absolutely furnished. Though the paintings within the condo is just not included, there are two inventive options that do include the sale.
The reception room options floor-to-ceiling views of Hyde Park.
Sweet London
The formal reception room has double-height ceilings, and includes a glittering wave of Swarovski crystals suspended throughout the ceiling. The design is as a lot a sculpture as it’s a chandelier, comprised of a whole lot of particular person crystal strands that assist illuminate the grand room.
The reception room additionally includes a fresco-covered wall with a glass fire.
Sweet London
One wall is roofed with a fresco depicting the London cityscape and the community of paths that rating the park under. On the middle of the paintings, is a big glass fire.
Proprietor’s bed room suite
Sweet London
The proprietor’s suite provides panoramic views of the park and a glass panel wall that overlooks the reception space.
The sleeping quarters embrace two an identical baths clad in Nero Marquinia marble. Within the “her” tub, the black marble flooring are contrasted by white Statuario marble-covered partitions. Within the “his” tub, the colour scheme is reversed with noir partitions and creamy white flooring. Each baths embrace bespoke fixtures made by French glassmaker Lalique.
One of many two baths within the proprietor’s bed room suite.
Sweet London
The formal eating room seats 10. It is completed in mirrored glass and chrome steel and features a hidden champagne room.
The eating room has a hidden champagne room.
Sweet London
The penthouse and its two wraparound terraces ship breathtaking views of London’s Hyde Park, one of many metropolis’s most well-known royal parklands. It is usually the most important, spanning 350 acres.
An exterior view of Penthouse B and its wraparound terrace.
Sweet London
The value of Sweet’s residence places it within the ultra-prime market, which incorporates properties priced at greater than $25 million.
In 2020, London noticed 31 gross sales of ultra-prime properties, in line with Knight Frank, placing town on the very prime of the high-end actual property market by transactions for the primary time in 5 years. Hong Kong dropped to second place seeing 23 transactions above $25 million, and outpacing Los Angeles, which took the third spot with 16 of 2020’s mega-sales.
Correction: Nick Sweet’s spouse is actress Holly Valance. An earlier model misspelled her title.