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….
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