London’s property market still seems to be defying gravity with the recent off plan sale of number 8 St James’s Square. The price has not been registered as yet, but is understood to be agreed at around £115m ($230m).
The property is situated in the heart of London’s West End and is earmarked for fairly radical surgery in a planning permission granted only recently.
The completed apartment is to be developed out of a large pre war office block, along with five other luxurious apartments.
The identity of the purchaser is being kept secret for the moment. But whoever he or she is, must be well cash funded given the current financial turmoil....
Renowned architect Rafael Viñoly has recently overseen one of the finest luxury apartment schemes in South America.
Named Edificio Acqua and situated in Punta del este (Uruguay), this dramatic development is Rafael Viñoly’s first completed project in his home country after 25 years.
Read more...
A Plaza development in Surbiton UK is set to revolutionise the humble apartment with an innovative cyber concierge system.
The system operates from an in house, wall mounted touch screen panel in each apartment. Users are able to select from various menus offering services such as cleaners, newspaper delivery, restaurant reservations and even booking a personal trainer.
The panel also offers a VOIP (Voice Over Internet Protocol) link with the concierge in the building, with further options available to offer a data link protocol to suppliers such as mini-cab services and beauty therapists.
Perfect for the technical savvy, wealthy individual. Apartments at Surbiton Plaza are on the market for between £450,000 - £600,000 ($900,000 - $1.2m).
India’s richest man, Mukesh Ambani, is building what is set to be the most expensive house in the world. It’s estimated that it will cost in the region of £1b to build and you can expect a masterpiece by all accounts.
Described as a skyscraper it will have a swimming pool, multiple “safe” rooms and 600 servants, along with a health club, home theater and a helipad and will be able to accommodate 168 cars.
It will reach 570 feet tall and contain 27 stories each with regally high ceilings. Plenty of room for Ambani, his wife, Neeta, their three children and Ambiani’s mother. It’s been called Antilia after a mythical island and was designed by Chicago architecture firm Perkins & Will.
Forbes magazine has listed Ambiani with a net worth of $22 billion as the 14th-wealthiest man in the world, whose Reliance Industries Ltd. is India’s largest private company. In November, the Mumbai Mirror reported he bought his wife a luxury jet estimated at $60 million for her 44th birthday.
Via.
With all this talk of a market slowdown we are seeing some incredibly expensive houses being snapped up here in the UK. Last week was a £35m pad bough by Israeli Diamond billionaire and this week we’ve got the sale of Toprak Mansion on The Bishop’s Avenue, London by a billionaire from Kazakhstan.
That makes this sale a record breaker as it’s the most expensive new build sold in the UK to date. Now we’re awaiting the sale of Updown Court, the £70m mansion in Surrey that towers above these recently sold.
The property was marketed discreetly for several years, and incredibly the asking price climbed from £30m to £50m as prime residential London prices soared. It will now be known as the Royal mansion.
Read more...
