Friday, January 21, 2011
Most Expensive Apartment Building: One Hyde Park sets world record
LONDON, UK -- One Hyde Park, situated over London's picturesque Hyde Park, has 86 luxury apartments (think condominiums) that cost up to $220 million apiece ($9,500 per square foot) based on current exchange rates - setting the new world record for theMost Expensive Apartment Building. Photo: A reception room in one of the flats at One Hyde Park, The World's Most Expensive Apartment Building.
The Guinness world record for the Most expensive house valuation: $165 million (£81.7 million) was set by the former home of William Randolph Hearst (USA). The 6,967-m² (75,000-ft²), H-shaped Mediterranean villa is set in 2.6 ha (6.5 acres) of land in Beverly Hills, California, USA and boasts 29 bedrooms, 40 bathrooms, three swimming pools and even its own nightclub.
Guinness World Records also recognized The Most expensive office location: London's West End, where the cost per 1m² (10 ft 9 in²) per month including rent, taxes and service charges was £107 ($201).
Photo: Some of One Hyde Park's more expensive apartments boast bullet proof windows and a panic room. (enlarge photo)
Ned Baring, the lead agent from Savills in charge of selling the apartments, said: "We've had strong interest from clients around the world. The launch has been extremely successful and resulted in around 60 bookings for viewings next week.
"This is the best residential development in the world, and the international interest, in particular, is very strong."
Since opening in 2008, One Hyde Park has catered to business moguls from Russia and Arabic countries, who enjoy a number of exclusive benefits including high-tech security systems, bulletproof windows, and an underground tunnel linking the complex to a nearby luxury hotel (which provides concierge services and gourmet cooking delivered via room service).
The emphasis here in on security and secrecy, with residents never having to leave the complex to enjoy creature comforts like a private cinema, a $30 million swimming pool and sauna complex, and lighting that shifts in brightness and color as the time of day changes.
The flats have been designed by the Richard Rogers Partnership, the architectural firm run by Lord Rogers, and were built by property developers Nick and Christian Candy.
Photo: One Hyde Park features some of the UK's most expensive property. Photo: Bloomberg (enlarge photo)
The project is a joint venture between the Candys' Guernseybased vehicle, CPC Group, and Waterknights, a company owned by the Qatari prime minister, Sheikh Hamad bin Jassim bin Jabr Al Thani.
30 units are still left on the selling block, with prices ranging between $8 million for a one-bedroom flat and a penthouse valued at $220 million.