Grade II listed freehold was acquired with the help of a £6.4m bridging loan funded by CapitalRise.
In Prime Central London
Monthly and quarterly records fell as buyers rushed to beat the stamp duty deadline.
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…
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.
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.
David Roberts set up Robelia earlier this year, with backing from North West-based entrepreneur Anil Pitalia.
Transaction volumes in June were up by 140% on the five-year average, eclipsing the previous record set in March 2016 by a full 20%.