Wednesday, November 30, 2011

World's Most Expensive Strata Building

It seems that the world now has a new leader for the most expensive strata building.  This time it's in London and called One Hyde Park.


The building has recently been completed in Knightsbridge and is regarded as the pinnacle of luxury apartment living.  Sales prices started at $15 million up to £140m for a 3,000sq m triplex penthouse.

Some of the owners include Ukraine's richest man Rinat Akhmetov (who was the first high profile buyer), developer Christian Candy, the UAE's Mohammed Saud Sultan Al Qasimi; British insurance broker Rory Carville; and Irish property magnate, Raymond Grehan.


You can read more about One Hyde Park in this Observer article by Rowan Moore.


But, it's already receiving interesting news attention.  Like this article about the tax haven status of many of the owners in The Observer by Daniel Boffey and the lack of residents reported in The Mail's Matt Sandy.


Regardless of all that, I wonder what the strata managers are asked to do and what the general meeting will be like?  And, perhaps they'll need some expert help with a dispute or two?




Francesco ...

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