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

You will find no community real estate listing for Penthouse B atop London’s tremendous luxury superior-increase One particular Hyde Park. The 18,000-square-foot mega-condominium in the city’s ultra-distinctive Knightbridge section is quietly becoming made available for sale as a whisper listing.

Facts of the hushed sale are now only shared by brokers to future prospective buyers by way of word-of-mouth or found in content articles written about the discrete offering like this just one.

The One particular Hyde Park condominium creating consists of some of London’s most high priced flats.

Carl Court | Getty Illustrations or photos

For individuals in the know, the whispered price tag tag for PH-B is about £175 million ($247 million) or additional than $13,seven-hundred for each square foot.

The 9-determine trophy flat, owned by London real estate developer Nick Candy, spans two flooring at 9,000 square toes for each stage, with a overall of 5 bedrooms. Candy resided there for about 5 decades with his wife, actress Holly Valance, and their two daughters.

Even at avenue stage, it truly is apparent that One particular Hyde Park is uber superior-finish. It is really residence to Europe’s largest Rolex retail store, which is adjacent to a McLaren automotive dealership packed with shiny 6-determine supercars.

The creating was made by CPC Group — which is owned by Candy’s brother, Christian Candy — and Waterknights, a corporation controlled by previous Qatar Primary Minister Sheikh Hamad bin Jassim bin Jaber Al Thani. And the interior design and style is by the brothers’ firm, Candy & Candy.

A corridor within the penthouse at One particular Hyde Park.

Candy London

“Mr. Candy hopes to capitalise on this inbound curiosity and the massive pent-up demand from abroad prospective buyers as Covid limitations ease and international travel resumes,” said Rory Penn, head of Knight Frank’s Personal Business, which is just one of the real estate companies symbolizing the whisper listing, in an e mail.

When the $247 million asking price tag may perhaps appear head-bogglingly superior, just final thirty day period, a lesser fourteen,000-square-foot, unfinished penthouse (PH-D) at One particular Hyde Park sold for an believed £111 million ($157 million). Taxes and the construct-out expenses would very likely press the charge of PH-D, which is four,000 square toes lesser than Candy’s, up into the range of £150 million to £160 million ($212 million to $226 million range), according to Knight Frank.

“Even with the pandemic, additional household ‘super-prime’ profits higher than US$10m took spot in London in 2020 than any other international industry,” Penn said.

Last yr, London noticed $three.seven billion in transactions of additional than $10 million, outpacing New York and Hong Kong, according to Knight Frank information.

“The United kingdom money noticed transactions (higher than $10M) increase by three% in 2020, when Hong Kong and New York noticed theirs drop by 27% and forty eight% respectively,” said Penn.

Here’s a appear all over Candy’s penthouse, which is becoming made available totally furnished. Though the artwork in the condominium is not involved, there are two artistic attributes that do arrive with the sale.

The reception area attributes floor-to-ceiling views of Hyde Park.

Candy London

The formal reception area has double-height ceilings, and attributes a glittering wave of Swarovski crystals suspended across the ceiling. The design and style is as significantly a sculpture as it is a chandelier, comprised of hundreds of personal crystal strands that assist illuminate the grand area.

The reception area also attributes a fresco-protected wall with a glass hearth.

Candy London

One particular wall is protected with a fresco depicting the London cityscape and the network of paths that rating the park down below. At the centre of the artwork, is a large glass hearth.

Owner’s bedroom suite

Candy London

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

The sleeping quarters consist of two similar baths clad in Nero Marquinia marble. In the “her” bathtub, the black marble flooring are contrasted by white Statuario marble-protected partitions. In the “his” bathtub, the colour scheme is reversed with noir partitions and creamy white flooring. Both equally baths consist of bespoke fixtures produced by French glassmaker Lalique.

One particular of the two baths in the owner’s bedroom suite.

Candy London

The formal dining area seats 10. It is really completed in mirrored glass and stainless steel and incorporates a hidden champagne area.

The dining area has a hidden champagne area.

Candy London

The penthouse and its two wraparound terraces provide amazing views of London’s Hyde Park, just one of the city’s most well-known royal parklands. It is also the largest, spanning 350 acres.  

An exterior view of Penthouse B and its wraparound terrace.

Candy London

The price tag of Candy’s home puts it in the ultra-prime industry, which incorporates properties priced at additional than $25 million.

In 2020, London noticed 31 profits of ultra-prime properties, according to Knight Frank, putting the town at the pretty top of the superior-finish real estate industry by transactions for the 1st time in 5 decades. Hong Kong dropped to second spot looking at 23 transactions higher than $25 million, and outpacing Los Angeles, which took the 3rd spot with sixteen of 2020’s mega-profits.

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