There is no public real estate offer for Penthouse B on London’s super luxury skyscraper One Hyde Park. The 18,000-square-foot mega-apartment in the city’s ultra-exclusive Knightbridge area is quietly being offered for sale as a whisper.
Details of the tacit sale are currently only being passed on to potential buyers by brokers through word of mouth or discovered in articles about the discreet offering like this one.
One Hyde Park apartment building contains some of the most expensive apartments in London.
Carl Hof | Getty Images
To those in the know, the whispered price of PH-B is around 175 million pounds ($ 247 million), or more than $ 13,700 per square foot.
The nine-figure trophy apartment, owned by London real estate developer Nick Candy, extends over two floors with 9,000 square meters per floor with a total of five bedrooms. Candy lived there for about five years with his wife, actress Holly Vallance, and their two daughters.
Even at street level, it’s clear that One Hyde Park is about high-end. Europe’s largest Rolex store is located here, next to a McLaren dealership with shiny six-digit supercars.
The building was developed by the CPC Group, owned by Candy’s brother Christian Candy, and Waterknights, a company controlled by former Qatari Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani. And the interior design comes from the brothers’ Candy & Candy company.
A corridor in the penthouse in One Hyde Park.
“Mr Candy hopes to capitalize on this in-depth interest and huge pent-up demand from overseas buyers as Covid restrictions ease and international travel resumed,” said Rory Penn, director of the private office of Knight Frank, one of the real estate firms on the Whisper List in an email.
While the $ 247 million price tag may seem incredibly high, a smaller 14,000-square-foot unfinished penthouse (PH-D) in One Hyde Park sold for an estimated £ 111 million ($ 157 million) just last month. Taxes and the upgrade fees would drive the cost of PH-D, which is 4,000 square feet smaller than Candy, likely in the £ 150 million to £ 160 million ($ 212 million to $ 226 million) range, according to Knight Frank.
“Despite the pandemic, there were more ‘super-prime’ home sales in excess of $ 10 million in London in 2020 than any other global market,” said Penn.
Last year, London recorded $ 3.7 billion in transactions of more than $ 10 million, according to Knight Frank, outperforming New York and Hong Kong.
“UK capital saw deals (over $ 10 million) up 3% in 2020, while their Hong Kong and New York deals fell 27% and 48%, respectively,” said Penn.
Take a look around here at Candy’s penthouse, which is offered fully furnished. Although the artwork is not included in the apartment, there are two artistic characteristics that come with the sale.
The reception room offers floor-to-ceiling views of Hyde Park.
The formal reception room has double-height ceilings and features a glittering wave of Swarovski crystals hanging from the ceiling. The design is both a sculpture and a chandelier made up of hundreds of individual strands of crystal that illuminate the great room.
The reception room also has a frescoed wall with a glass fireplace.
One wall is covered with a fresco depicting the London cityscape and the network of paths that characterize the park below. In the center of the work of art is a large glass fireplace.
Owner’s bedroom suite
The owner’s suite offers a panoramic view of the park and a glass wall overlooking the reception area.
The bedrooms have two identical bathrooms clad in Nero Marquinia marble. In the “hers” bathtub, the black marble floors are contrasted by the walls covered with white Statuario marble. In the “his” bathroom, the color scheme is reversed with noir walls and cream-white floors. Both bathrooms have tailor-made fittings from the French glass manufacturer Lalique.
One of the two bathrooms in the owner’s bedroom suite.
The formal dining room seats 10 people. It is equipped with mirror glass and stainless steel and has a hidden champagne room.
The dining room has a hidden champagne room.
The penthouse and its two wraparound terraces offer breathtaking views of London’s Hyde Park, one of the city’s most famous royal parklands. It is also the largest and extends over 350 acres.
An exterior view of Penthouse B and its wraparound terrace.
The price of Candy’s residence puts it in the ultra-prime market, which includes properties priced in excess of $ 25 million.
In 2020, London recorded 31 ultra-prime property sales, according to Knight Frank, bringing the city to the top of the high-end property market for the first time in five years. Hong Kong dropped to second place with 23 transactions over $ 25 million, overtaking Los Angeles, which was third with 16 of the mega-sales in 2020.