London’s most expensive penthouse is a $247 million whisper listing

You can find no community genuine estate listing for Penthouse B atop London’s super luxury significant-increase A person Hyde Park. The 18,000-sq.-foot mega-condominium in the city’s extremely-distinctive Knightbridge portion is quietly getting supplied for sale as a whisper listing.

Details of the hushed sale are currently only shared by brokers to prospective prospective buyers by using phrase-of-mouth or uncovered in articles penned about the discrete featuring like this just one.

The One particular Hyde Park condominium developing has some of London’s most highly-priced residences.

Carl Court | Getty Images

For individuals in the know, the whispered selling price tag for PH-B is about £175 million ($247 million) or more than $13,700 per square foot.

The nine-determine trophy flat, owned by London real estate developer Nick Sweet, spans two flooring at 9,000 square toes for every amount, with a whole of five bedrooms. Sweet resided there for about 5 several years with his spouse, actress Holly Valance, and their two daughters.

Even at avenue degree, it’s crystal clear that One particular Hyde Park is uber superior-stop. It’s residence to Europe’s greatest Rolex retailer, which is adjacent to a McLaren automotive dealership packed with shiny six-determine supercars.

The setting up was made by CPC Team — which is owned by Candy’s brother, Christian Candy — and Waterknights, a company managed by previous Qatar Key Minister Sheikh Hamad bin Jassim bin Jaber Al Thani. And the interior style and design is by the brothers’ firm, Candy & Sweet.

A corridor inside of the penthouse at Just one Hyde Park.

Candy London

“Mr. Sweet hopes to capitalise on this inbound interest and the big pent-up need from overseas buyers as Covid restrictions relieve and international vacation resumes,” reported Rory Penn, head of Knight Frank’s Non-public Business, which is one of the real estate corporations representing the whisper listing, in an electronic mail.

Whilst the $247 million asking selling price may well appear to be mind-bogglingly significant, just final month, a scaled-down 14,000-square-foot, unfinished penthouse (PH-D) at 1 Hyde Park marketed for an estimated £111 million ($157 million). Taxes and the construct-out costs would probable force the value of PH-D, which is 4,000 sq. ft more compact than Candy’s, up into the vary of £150 million to £160 million ($212 million to $226 million assortment), according to Knight Frank.

“Inspite of the pandemic, more residential ‘super-prime’ revenue previously mentioned US$10m took position in London in 2020 than any other world market,” Penn mentioned.

Previous calendar year, London saw $3.7 billion in transactions of far more than $10 million, outpacing New York and Hong Kong, in accordance to Knight Frank information.

“The United kingdom cash observed transactions (higher than $10M) rise by 3% in 2020, although Hong Kong and New York saw theirs slide by 27% and 48% respectively,” reported Penn.

Here’s a seem about Candy’s penthouse, which is becoming provided totally furnished. Although the artwork in the condominium is not integrated, there are two inventive features that do appear with the sale.

The reception place options flooring-to-ceiling views of Hyde Park.

Candy London

The formal reception room has double-peak ceilings, and features a glittering wave of Swarovski crystals suspended throughout the ceiling. The design and style is as substantially a sculpture as it is a chandelier, comprised of hundreds of unique crystal strands that support illuminate the grand room.

The reception space also attributes a fresco-included wall with a glass hearth.

Sweet London

One particular wall is protected with a fresco depicting the London cityscape and the network of paths that rating the park beneath. At the center of the artwork, is a substantial glass hearth.

Owner’s bed room suite

Sweet London

The owner’s suite presents panoramic views of the park and a glass panel wall that overlooks the reception area.

The sleeping quarters incorporate two identical baths clad in Nero Marquinia marble. In the “her” bathtub, the black marble flooring are contrasted by white Statuario marble-coated partitions. In the “his” tub, the coloration scheme is reversed with noir partitions and creamy white flooring. Equally baths include bespoke fixtures made by French glassmaker Lalique.

A single of the two baths in the owner’s bed room suite.

Candy London

The formal dining home seats 10. It’s concluded in mirrored glass and stainless metal and consists of a hidden champagne space.

The eating home has a concealed champagne place.

Candy London

The penthouse and its two wraparound terraces deliver breathtaking views of London’s Hyde Park, a person of the city’s most renowned royal parklands. It is also the biggest, spanning 350 acres.  

An exterior watch of Penthouse B and its wraparound terrace.

Candy London

The price of Candy’s home puts it in the ultra-prime marketplace, which consists of homes priced at much more than $25 million.

In 2020, London observed 31 sales of extremely-prime properties, in accordance to Knight Frank, placing the town at the very major of the large-end real estate sector by transactions for the very first time in 5 many years. Hong Kong dropped to second location observing 23 transactions previously mentioned $25 million, and outpacing Los Angeles, which took the third place with 16 of 2020’s mega-product sales.

Correction: Nick Candy’s wife is actress Holly Valance. An earlier edition misspelled her identify.