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November 24, 2010
Bob Diamond will Undoubtedly Return to the London Property Market
The new Barclay’s chief, Bob Diamond, praised in finance circles for his ability to get things done despite his critics in Westminster, will be returning to London in the new year. One commentator once said about him, “Make no mistake, if Bob wants something done, he knows the people to do it. He has a network of contacts willing to do his bidding.”
Mr Diamond’s ability to turn a profit quickly isn’t limited to the world of finance, but in 2008 despite the oncoming global recession was able to sell a home he bought in 2005 for £10.5million in the Wycombe Square development for £25m in the summer of 2008.
The property was an impressive seven-bedroom neo-Georgian townhouse totalling over 8,000 square feet of space, with an indoor swimming pool, a gym and an underground garage for seven cars.
Wycombe Square closeby to Notting Hill and adjacent to the rear of Holland Park School was the development that set the benchmark and targeted luxury property buyers with its bounty of amenities and premium service charges before the now notorious One Hyde Park. The private gated development of 19 townhouses and 48 apartments. offers 24 hour security, swimming pools and serene living space in a prestigious residential postcode.
Mr. Diamond’s windfall gains would likely have arisen by buying early in the development process in the property built by St James Homes, part of the Berkeley Group, and selling off market.