The top-end of London residential sales market has just enjoyed its strongest first half since 2014, reports Savills, with 59% more £5m+ transactions recorded in the first six months of this year compared to 2020, and 61% more than in H1 2019.
Earlier this week, PrimeResi took an exclusive look at The Olayan Group’s plans to deliver a major new super-prime BTR scheme in the middle of Knightsbridge. Here, Sarah Waller, senior asset manager for The Knightsbridge Estate, discusses the decision to aim Knightsbridge Gardens specifically at HNW tenants, and how this could set off a big trend in PCL…
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Detached behemoth on Templewood Avenue has scope for further improvement.
2-8 Rutland Gate is set to become the >60,000 sq ft family home of a Chinese billionaire, following an epic nine-figure refurbishment by Squire & Partners and CC Land.
There’s been ‘quite a bit of activity’ on the leafy Holland Park thoroughfare, named Britain’s most expensive street in 2019.
The Olayan Group and Chelsfield are delivering a set of 33 luxury rental apartments as part of their reworking of The Knightsbridge Estate.
Luxury property price inflation is likely to return to London with gusto next year, predicts the Knight Frank team.
The agency has installed a new head of office in Victoria Park and new department heads in Battersea Park, Wandsworth and Richmond.
Construction starts and sales rose in Q2, while construction completions were the highest in a couple of years, reports Molior.
Shereen Malik-Akhtar has stepped up to lead the agency’s central London sales team, while ex-Aston Chase agent Lee Koffman will be heading things up across north and north west London.
After steep falls over the last year, the agency expects rents across the prime postcodes will recover to pre-pandemic levels by 2023.