One Hyde Park, Knightsbridge is a major residential and retail complex located in London, United Kingdom. The development includes three retail units (Rolex, McLaren Automotive and Abu Dhabi Islamic Bank) totalling 385,000 sq ft (35,800 m2) and 86 residential properties marketed with prices starting at around £20 million. The building is owned by Project Grande (Guernsey) Limited, a joint venture between the Christian Candy-owned CPC Group and Sheikh Hamad bin Jassim bin Jaber Al Thani, the Prime Minister and Minister of Foreign Affairs of Qatar. It was designed by Rogers Stirk Harbour + Partners, built by Laing O'Rourke and was financed via a £1.15 billion development loan from Eurohypo AG. Candy & Candy were the development managers and interior designers for the scheme. Planning consent for the building was granted in June 2006. Demolition of the previous building on the site took place between July and December 2006. Construction work began in January 2007. The superstructure of the building was completed in March 2009.Fitting-out of the building began in April 2009. In August 2010 a penthouse in the development was rumoured to be sold for £140 million, making it the most expensive residential property in Britain. Also in that month it was announced that McLaren Automotive would be opening a car showroom in the building in early 2011. However, a newspaper report at the time of the development's launch party in January 2011 indicated that according to Land Registry records the sale of only five properties had been completed - the 'recordbreaking' £140 million penthouse being sold to the development's own financial backer Sheik Hamad bin Jassim bin Jaber Al Thani for £40.5 million in August 2010. One to a Indian family in mining and oil and an adjoining penthouse to One Hyde Park developer Christian Candy, who reportedly paid £31 million, "about £100 million less than the asking price". As of 2013, there was little evidence of people actually living in the complex. This is understandable as members of the social stratum which has bought property there often have a number of other luxury residences world worldwide in other exclusive locations and in their countries of origin. An exclusive tour of One Hyde Park apartment in London. GC Privé ~ A world of luxury www.gcprive.com
One Hyde Park, Luxury Properties, Knightsbridge, London - YouTube |
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