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November 27, 2013
London’s Best Property Developments: One Hyde Park, London
One of the most expensive apartment developments in the world, located in London’s Knightsbridge on the South side of Hyde Park, One Hyde Park has received a lot of well-deserved attention from the world’s media.
One Hyde Park is a landmark work of architecture offering a premium lifestyle to the ultra global elite. In 2010 an apartment was rumoured to have sold for £140 million, setting a new benchmark for apartment prices on the London property market and a world record price per square foot sale.
One Hyde Park is the first European residences at Mandarin Oriental and as such residences benefit from the hotels amenities, facilities and services. The development comprises of 86 apartments (including 4 penthouses) across 4-linked diamond shaped pavilions. It took 4 years to construct and was created on the site of a former 1950’s office building.
Project Grande (Guernsey) Limited is the owner of the development. The building was designed by Rogers Stirk Harbour + Partners, and Candy & Candy were the development managers and interior designers of the project.
Price per square foot:
A penthouse apartment was said to have sold for £7,500 per square foot, breaking price records on the London property market.
One Hyde Park is owned by Project Grande (Guernsey Limited), a joint venture between CPC Group and Waterknights (owned by Sheikh Hamad bin Jassim bin Jabr Al-Thani, former Prime Minister of Qatar).
Candy & Candy, the award-winning interior design and development management company, are the exclusive interior designer for all communal areas and the base build for each apartment.
Award winning architects Rogers Stirk Harbour + Partners are behind the impressive landmark building, One Hyde Park. Their previous projects include London Heathrow Terminal 5, British Museum, Oxley Woods, Maggie’s Centre and Las Arenas (Barcelona bullring remodelled into a shopping mall)
To create maximum light to permeate throughout each apartment, the development was designed in 4 pavilions. They created angled forms to the building to ensure there were views of the city and park from every internal space, without having to compromise privacy or security.
Why people have bought here?
It has prestige and top facilities
The project includes 3 retail units let to three ultra prestigious tenants: Rolex, McLaren Automotive and Abu Dhabi Islamic Bank.
James Turrell, the world-renowned lighting artist, who is regarded as one of the leading 21st century artists, has created light installations for One Hyde Park’s exterior, using natural light as it alters throughout the day and night to expose new ways of viewing and perceiving One Hyde Park.
Residents have access to the private amenities and leisure facilities including private cinema, 21m ozone swimming pool, saunas and steam rooms, private exercise rooms, relaxation rooms and treatment rooms, squash court, gym, golf simulator and virtual games room, wine cellars, business suite and meeting rooms, private entertainment room, Park Library and secure underground parking.
It offers luxury hotel apartment living
One Hyde Park has a direct link via an underground tunnel to the Mandarin Oriental Hotel and as such residents and guests benefit from the hotel’s services and facilities. This includes 24-hour room service, on-site concierge, doorman and security, housekeeping and valet services and use of the hotel’s facilities and amenities.
One Hyde Park offers owners the utmost in security, from scanning of mail and CCTV systems, to video entry for each apartment with direct link to the concierge.
In the centre of London’s capital with Hyde Park to the North, Knightsbridge to the South and the world famous department store Harrods within just a short walk away, One Hyde Park could not be in a more convenient or fashionable area of the city of London.
Who’s talking about it?
Who isn’t talking about it is probably a more relevant question! One Hyde Park has received international press and has become a property talking point for the rich and famous. Coverage in the media includes:
CNBC, October 2012
“LONDON, Oct 31 (Reuters) – London’s luxury One Hyde Park development has sold its latest five apartments to Asian buyers, in a sign of the region’s growing appetite for the relative stability of London property as China’s economy slows. The sales mean buyers from Asian countries like China and Malaysia have bought more than 30 percent of flats sold at One Hyde Park. ‘One of the reasons why Asian buyers are investing so heavily in the London property market is because China’s economic growth has slowed down,’ said Nick Candy, development manager and designer of the scheme close to the Harrods department store. ‘The Chinese are specifically looking to diversify away from keeping all of their investments in China, and super prime central London real estate is perceived to be and actually is a very safe investment,’ he said.”
The Times, January 2012
“A £1 billion loan from Germany’s Eurohypo Bank, agreed before Britain’s devastating property slump, has long been fully repaid and each sale at the luxury scheme owned by the Guernsey registered Project Grande, is generating headlines around the world. The most recent transaction set a record of more than £7,500 per square foot.”
Bulgari Hotel and Residences is also located in Knightsbridge, a stones through away and offers decadence and ultra exclusivity. The penthouse is rumoured to have sold at £7,000 per square foot to a private buyer which is the next highest sale to the penthouse at One Hyde Park. There are only a limited number of apartments available and these are on the 7th Floor above the hotel, rather than in a separate building.
One Hyde Park really is unique to the city setting a new standard for luxury development and has appealed to the ultra wealthy global elite and even the odd celebrity. Prices achieved have set a new high precedent for property in London and the world.