Swiss investor bags luxury London resi block
Singapore-listed City Developments has sold three flats in Knightsbridge, SW3, to a private Swiss investor for circa £24m.
The flats at 32 Hans Road are spread over six floors in a red brick townhouse, opposite the luxury department store Harrods.
It was sold by luxury property agents Harrods Estates, the real estate arm of the Harrods Group.
Singapore-listed City Developments has sold three flats in Knightsbridge, SW3, to a private Swiss investor for circa £24m.
The flats at 32 Hans Road are spread over six floors in a red brick townhouse, opposite the luxury department store Harrods.
It was sold by luxury property agents Harrods Estates, the real estate arm of the Harrods Group.
The transaction is Harrods Estates’ largest deal for a single property, achieving a record £4,000 per sq ft.
The investor will rent one 1,700 sq ft apartment on the second floor for £3,725 per week.
City Developments had refurbished the apartments in partnership with Dartmouth Capital Advisors, retaining the 1890s style enhanced with contemporary interiors designed by Todhunter Earle.
Simon Barry, head of new developments at Harrods Estates, said: “New refurbished properties of this quality in such a prestigious location offering exceptional interior design and specification rarely come onto the market, and when they do, we see record prices.
“The sale to a European investor shows that overseas buyers have confidence in the long term future of prime central London, and are prepared to pay premium prices for the best quality properties in the best locations.”
Harrods Estates has a strong international client base in Russia, the Middle East and Asia, with international clients accounting for 75% of its sales and lettings.
The agent said the in-demand Hans Road postcode in Knightsbridge has attracted £189m of sales in the last 12 months, according to Land Registry data.
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