One Hyde Park, the residences at the Mandarin Oriental in London, has surpassed previous records for total sales with their apartment sales exceeding $2.21 billion as global investors swoop in to purchase a piece of the London luxury market.
One Hyde Park previously set a record with the world’s most expensive apartment selling for $215.26 million. Now the luxury residences associated with the Mandarin Oriental London is making news for total apartment sales amounting to $2.21 billion. Located in the ritzy Knightsbridge neighborhood of London, One Hyde Park was designed by award-winning architect Richard Rogers and has attracted many global investors.
Jonhanthan Hewlett of Savills said, “London is one of the few world cities that can count itself amongst a truly global market, sought by the world’s richest households and behaving almost like a separate asset class to a worldwide investor audience looking for capital growth, yield and security. This coupled with our latest Savills Research forecast that prime central London residential values are now 15% over their peak level and with price growth expected to 13% this year and rise by 22.7% over the next five years, it leaves no doubt that One Hyde Park is a true global asset which will enhance in value.”
One Hyde Park was created in four pavilions featuring apartments that have interiors designed by Candy & Candy. Modern touches are incorporated to contrast the traditionally Victorian look of South London. Homeowners are privy to personalized services including a special Residences Elite program, a residential concierge, housekeeping, parking, valet, spa and recreation and food and beverage. In addition, owners are able to receive discounts at other Mandarin Oriental hotels around the world.
Source: Born Rich