One Hyde Park

One Hyde Park

One Hyde Park is a major residential and retail complex located in London, United Kingdom.[1] The development includes three retail units (Rolex, McLaren Automotive and Abu Dhabi Islamic Bank) totalling 385,000 sq ft (35,800 m2) and 86 residential properties marketed with prices starting at around £20 million.[2] The building is owned by Project Grande (Guernsey) Limited (PGGL), a joint venture between the Christian Candy owned CPC Group and Sheikh Hamad bin Jassim bin Jaber Al Thani, the Prime Minister and Minister of Foreign Affairs of Qatar.[3] It was designed by Rogers Stirk Harbour + Partners,[3] built by Laing O'Rourke[4] and was financed via a £1.15 billion development loan from Eurohypo AG.[5] Candy & Candy were the development managers and interior designers for the scheme.

The building is located in the Knightsbridge area of central London, adjacent to Hyde Park and the Mandarin Oriental Hyde Park. The actual address is One Hyde Park: The Residences at Mandarin Oriental, 100 Knightsbridge, London, SW1X 7LJ.

Contents

History

Planning consent for the building was granted in June 2006.[6] Demolition of the previous building on the site took place between July and December 2006.[6] Construction work began in January 2007.[6] The superstructure of the building was completed in March 2009.[6] Fitting-out of the building began in April 2009.[6] In August 2010 a penthouse in the development was rumoured to be sold for £140 million, making it the most expensive residential property in Britain.[2][7] Also in that month it was announced that McLaren Automotive would be opening a car showroom in the building in early 2011.[8] However, a newspaper report at the time of the development's launch party in January 2011 indicated that according to Land Registry records the sale of only two properties had been completed - the 'recordbreaking' £140 million penthouse being sold to the development's own financial backer Sheik Hamad bin Jassim bin Jaber Al Thani for £40.5 million in August 2010, and an adjoining penthouse to One Hyde Park developer Christian Candy, who reportedly paid £31 million, "about £100 million less than the asking price".[9]

Notable residents

References

  1. ^ "Rolex moves into One Hyde Park". The Telegraph. 7 November 2010. http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8114928/Rolex-moves-into-One-Hyde-Park.html. Retrieved 7 November 2010. 
  2. ^ a b "One Hyde Park penthouse sells for record-breaking £140m". The Telegraph. 10 August 2010. http://www.telegraph.co.uk/property/propertynews/7937291/One-Hyde-Park-penthouse-sells-for-record-breaking-140m.html. Retrieved 7 November 2010. 
  3. ^ a b "What recession? Flats in Central London go on sale at £5m-plus". The Times. 18 April 2010. http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article7101387.ece. Retrieved 7 November 2010. 
  4. ^ "One Hyde Park". e-archiect. http://www.e-architect.co.uk/london/one_hyde_park.htm. Retrieved 6 June 2011. 
  5. ^ "Candy Brothers in Monaco Make Millions in London Housing Slump". Bloomberg. 8 September 2009. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8VDcETmhFu0. Retrieved 7 November 2010. 
  6. ^ a b c d e "Home page". One Hyde Park. http://www.onehydepark.com/#/home. Retrieved 7 November 2010. 
  7. ^ "The £140m flat: World-record price earns mystery buyer room service from a TV chef, a panic room and SAS-trained bodyguards". Daily Mail. 11 August 2010. http://www.dailymail.co.uk/news/article-1301918/The-140m-flat-World-record-price-Central-London-penthouse.html. Retrieved 7 November 2010. 
  8. ^ "McLaren join race to Formula 1 Hyde Park". London Evening Standard. 6 August 2010. http://www.thisislondon.co.uk/standard/article-23863790-mclaren-join-race-to-formula-1-hyde-park.do. Retrieved 7 November 2010. 
  9. ^ a b c d "Two fully sold (to the owners and developers)... Just 84 to go! Truth about the most hyped luxury flats in the world". Daily Mail. 23 January 2011. http://www.dailymail.co.uk/news/article-1349655/One-Hyde-Park-worlds-hyped-luxury-flats-2-sold-84-go.html. Retrieved 17 February 2011. 
  10. ^ April 06, 2011 3:06PM (2011-04-06). "Kylie Minogue buys $25 million London apartment". Herald Sun. http://www.heraldsun.com.au/entertainment/confidential/kylie-minogue-buys-25-million-london-apartment/story-e6frf96o-1226034761830. Retrieved 2011-07-17. 
  11. ^ Alex Hawkes. "Rinat Akhmetov pays record £136.4m for apartment at One Hyde Park | UK news". The Guardian. http://www.guardian.co.uk/uk/2011/apr/19/rinat-akhmetov-one-hyde-park. Retrieved 2011-07-17. 

External links

Coordinates: 51°30′06″N 0°09′40″W / 51.50165°N 0.16114°W / 51.50165; -0.16114


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