UK's most expensive flat sold for £135.4 million

Telegraph 04/17/2011 18:04

Prices for a one-bedroom apartment at One Hyde Park start at £6 million

Prices for a one-bedroom apartment at One Hyde Park start at £6 million

The UK’s most expensive flat has been sold in London for £135.4 million, according to Land Registry documents.

The buyer of “Flat a” at the One Hyde Park development is understood to be a Ukrainian who purchased the penthouse in cash in 2007.

The new owner is thought to be spending up to £60 million on interior work after receiving the apartment with bare walls and no amenities.

The Ukrainian used an offshore company called Water Property Holdings to buy the flat, which covers the top three floors in the Richard Rogers designed complex next to Knightsbridge.

The complex, built by a development group led by the Candy brothers, the upmarket property investors, has become the most expensive residential development with almost £1bn of sales transacted across 45 apartments.

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