UK’s most expensive flat sold in London for £136m

Apr 17, 2011 |

London

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A penthouse at the One Hyde Park development in London, which is believed to be the country’s most expensive, has been sold for a record price of 135.4 million pounds.

According to Land Registry documents, the buyer of ‘Flat a’ at the One Hyde Park development is understood to be a Ukrainian who purchased the penthouse in cash in 2007.

The new owner is thought to be spending up to 60 million pounds on interior work after receiving the apartment with bare walls and no amenities.

The Ukrainian used an offshore company called Water Property Holdings to buy the flat, which covers the top three floors in the Richard Rogers-designed complex next to Knightsbridge.

The complex, built by a development group led by the Candy brothers, the upmarket property investors, has become the most expensive residential development with almost 1 billion pounds of sales transacted across 45 apartments.

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