Record US$209 million paid for most expensive home ever sold in Britain
Buyer of the two-floor penthouse flat in London’s swanky Knightsbridge will also be hit with a whopping stamp duty of up to US$31 million
A two-storey penthouse flat in One Hyde Park, the luxury Knightsbridge development, has been sold to a secretive offshore buyer for £160 million (US$209 million) – making it the most expensive home ever sold in Britain.
Apartment B. 10.01 – which occupies the top two floors of block B of the complex and comes with two wine cellars and two balconies overlooking the park – was sold this summer to two holding companies in Guernsey. The record-breaking sale to PHB London Holdings and PHB London Dormant took place in May, according to recent filings at the Land Registry.
It is impossible to identity the true buyer of the property, as British crown dependencies – such as Guernsey – do not have to list the beneficial owners of companies. The buying firms are registered at a PO box address in a seafront office complex in St Peter Port, Guernsey’s capital.
The £160 million sale price far exceeds the previous record for a UK house sale of £140 million (US$183 million) for Park Place, a stately home near Henley-on-Thames, which was bought by the Russian exile billionaire Andrey Borodin in 2011. Russian authorities have accused Borodin of overseeing a 13 billion rouble (US$195 million) fraud while he was running the Bank of Moscow.