High sales at high-end Hyde Park

THE market for high-end property may be dead as a dodo here, but across the water, things are looking a lot healthier for those…

THE market for high-end property may be dead as a dodo here, but across the water, things are looking a lot healthier for those who cater to the rich.

There’s no sign of a slowdown at One Hyde Park, London’s most expensive development in the heart of Knightsbridge which, as the name suggests, has Hyde Park as its back garden. This week Savills announced that it had achieved close to £900 million worth of completions so far, with one of the units, a vast penthouse, selling for a reported £140 million.

Pictures of the development – residents of which can have their food cooked and their laundry done by the Mandarin Oriental hotel next door – have been few and far between, but Savills has just released one of the lobby. It’s probably fair to say that most people will not be allowed beyond this point in the building because of high security.

No open views, sadly, but Around the Blockgot a sneak preview some years back when it seemed that the fitout options appeared to be aimed squarely at the Russian and Chinese markets.