5 of The Biggest Central London Hotels Sales In 2016

Doubletree Hilton 7 Pepys Street|| £300m|| 583 Rooms || 331,342 SF The Doubletree Hilton is near the Tower of London, pictured above In the largest single Hotel transaction of 2016, the Bhatia Family acquired Blackstone’s freehold on the Doubletree Hilton near the Tower of London for £300m. The 582-bedroom hotel achieved a sales price equivalent to £515,464 per […]

Stamp Duty Land Tax – A Short History Since 1959

Stamp Duty Land Tax (SDLT) replaced Stamp Duty as the Duty Tax paid on property transactions in December 2003, when residential and non-residential properties where also separated. In the forty years preceding Gordon Brown’s elevation to Chancellor of the Exchequer, the top rate had never ranged outside 1.0%-2.0%. Within just over 3 years of his appointment, the […]

London Property Market Highlights 2016

Highest Residential Gross Price 9 Holland Park, W11 3TH £53,489,500 || 12,500sqft || £4279psf The highest gross price of the year was set in January, when Richard Branson’s old house at 9 Holland Park was sold for £53,489,500. The Grade II listed building underwent substantial renovations during the tenure of the previous owners, which was overseen […]

Prime Sales Volume Halves Post Brexit

Data taken from the Land Registry, and analysed by Khalil & Kane, shows that Prime London sales volumes fell to their lowest levels since Q2-2013 in the most recent quarter, following the result of the United Kingdom’s referendum on membership of the European Union. This put sales of properties worth over £1m down 50% (from 3,481 […]

Top Ten Most Expensive Properties on the Market in London

1st: 2-8a Rutland Gate – £300,000,000 (≈£5000/ft2)   This Knightsbridge property is currently the most expensive property “on the market” in London and is believed to be on the market for £300 million. Although this property is not officially marketed as being for sale, a 2012 article in the Financial Times revealed that it is […]

Ukrainian born billionaire looks to control rental expenses by buying up W8 block

Ukrainian born billionaire looks to control rental expenses by buying up W8 block Len Blavatnik, the billionaire investor who pocketed $7 billion from the sale of Russian oil company TNK-BP, has entered advanced negotiations to buy Warner Music Group’s headquarters at 27 Wright’s Lane for around £60 million – just over twice the amount he […]