Opening their doors for the first time, the UK’s One Hyde Park was officially unveiled Thursday by property duo, the Candy brothers. A total of 86 flats at One Hyde Park, thought to be the most expensive residential development in the world, have been officially unveiled by the property duo, Nick and Christian.
Prices at the highly anticipated Knightsbridge project start at £6.5 million ($10,35 million) for a simple one-bedroom flat and soar to £140 million ($223 million) for one of the penthouses. Averaging about £6,000 ($9,500) a square foot, the prices are higher than any other residential space, according to property experts.
The buildings have shared features including a cinema, a 21m swimming pool, saunas, a gym, a golf simulator and a wine cellar. There are eye-scanners in the lifts and panic rooms for added security. The build included 15 different types of stone and marble from Turkey, Italy, Brazil, China and Egypt as well as £50 million of sparkly concrete with limestone aggregate.
Residents can call on valets, a concierge and butler room service from the next-door Mandarin Oriental hotel’s two restaurants, overseen by Heston Blumenthal and Daniel Boulud. The development also contains three boutiques which include Rolex and McLaren.
The brothers, who started out with a £6,000 loan from their grandmother, have enjoyed a meteoric rise. The development, which is the Candys most ambitious project yet, is a joint venture between their Gurnsey-based vehicle, CPC Group, and Waterknights, a company owned by the Qatari prime minister, Sheikh Hamad bin Jassim bin Jabr Al Thani.
When the brothers started the project four years ago, it attracted criticism for being too extravagant and expensive. With the onslaught of the credit crisis, many believed that the development would never sell. But the Candys claim that 60%of the 83 apartments have already been snapped up, mainly by foreign buyers from the Middle East and Asia.