23 Fanciable Living Room Guernsey Estate Agent

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Yours for £175million – a temple to poor taste: For years it’s been a bejewelled cocoon for secretive tycoons. Now its creator Nick Candy is advertising his London penthouse there … &ltp class="mol-para-with-font"&gtWanted: security-obsessed homebuyer looking for luxury pied-a-terre atop one of London’s most high-profile residential apartment blocks. &ltp class="mol-para-with-font"&gtMust have: deep-seated adore of swanky but largely pointless domestic gadgets, and high tolerance of extraordinarily vulgar interior design, especially marble floors, mirrored walls, silk cushions, and furniture made from the skin of crocodiles, snakes and eels. &ltp class="mol-para-with-font"&gtOh, and our fortunate real estate investor will have to have very deep pockets undoubtedly. For this lavish five-bedroom bolthole, which boasts sweeping views over Hyde Park, has just been placed on the market for a cool £175 million. &ltp class="mol-para-with-font"&gtThe 18,000 square foot penthouse will turn out to be the most high priced flat ever sold in the UK, should really really its lofty asking price be hit. &ltp class="mol-para-with-font"&gtSplit over two levels, it’s roughly 18 occasions the size of an standard British home and boasts its individual spa, well being club, cocktail bar, ‘champagne room’, wine cellar for 750 bottles, media room, two ‘wrap-around’ outdoor terraces, and heated underground parking spaces for four cars, accessed by driving your gas-guzzler into a glass elevator.

23 Fanciable Living Room Guernsey Estate Agent – &ltp class="imageCaption"&gtThis lavish five-bedroom bolthole, which boasts sweeping views over Hyde Park, has just been placed on the market for a cool £175 million. The 18,000 square foot penthouse will turn out to be the most high priced flat ever sold in the UK, should really really its lofty asking price be hit. (Above, the living room overlooking the park)

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&ltp class="imageCaption"&gtSplit over two levels, it’s roughly 18 occasions the size of an standard British home and boasts its individual spa, well being club, cocktail bar, ‘champagne room’, wine cellar for 750 bottles, media room, two ‘wrap-around’ outdoor terraces, and heated underground parking spaces for four cars, accessed by driving your gas-guzzler into a glass elevator. (Above, the octagonal bathroom)

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&ltp class="imageCaption"&gtThe vast master bathroom and pillared main living room are (like the rest of the house) decked out in a turbo-charged style of decadence that hit peak reputation in the aftermath of the 2008 financial crash, when it was summed up by the society commentator Peter York as ‘very junior Arab dictator’. (Above, one of the penthouse’s five bedrooms)

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&ltp class="imageCaption"&gtAs Nicholas Shaxson, a important specialist on tax havens immediately after wrote, the reality that such properties as Apartment B.ten.01 of the renowned One Hyde Park improvement (pictured) even exist is ‘a rather grotesque symbol of the UK’s willingness to prostitute itself to the world’s hot and dirty money’ &ltp class="mol-para-with-font"&gtThe vast, octagonal master bathroom and pillared main living room are (like the rest of the house) decked out in a turbo-charged style of decadence that hit peak reputation in the aftermath of the 2008 financial crash, when it was summed up by the society commentator Peter York as ‘very junior Arab dictator’. &ltp class="mol-para-with-font"&gtThat’s a polite way of suggesting this lavish apartment demonstrates that, as the old adage goes, all the dollars in the world can’t buy class. &ltp class="mol-para-with-font"&gtOr as Nicholas Shaxson, a important specialist on tax havens immediately after wrote, the reality that such properties as Apartment B.ten.01 of the renowned One Hyde Park improvement even exist is ‘a rather grotesque symbol of the UK’s willingness to prostitute itself to the world’s hot and dirty money’. &ltp class="mol-para-with-font"&gtNot that any of the exotic gazillionaires who may well really buy such a pile would really care. &ltp class="mol-para-with-font"&gtFor you only have to wait till darkness falls and walk preceding the glass and steel monolith, which is made up of four inter-connected towers adjacent to London’s Mandarin Oriental hotel and the barracks of the Household Cavalry Mounted Regiment, to realise that the vast majority of its multi-million pound residences are really sitting empty. &ltp class="mol-para-with-font"&gtTo their owners, a house in our capital city is not someplace to reside, or raise a family. As an option, it has turn out to be a sort of tax efficient financial asset that can be traded involving dollars-soaked speculators from just about any corner of the globe in conditions of virtual secrecy.

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&ltp class="imageCaption"&gtApartment B.ten.01’s present owner is Nick Candy, a controversial 48-year-old house tycoon (above, with his wife, pop singer Holly Valance), who built One Hyde Park a decade ago in collaboration with his younger brother Christian

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&ltp class="imageCaption"&gtCatering to the whims of so-named ‘super-prime’ home owners, Nick Candy has simply because the late 1990s built a person fortune allegedly worth hundreds of millions of pounds. (Above, the penthouse’s beautiful living room, with sofas, coffee tables, pillars and chandelier)  &ltp class="mol-para-with-font"&gtFew men and women are more conscious of this reality than Apartment B.ten.01’s present owner, Nick Candy, a controversial 48-year-old house tycoon who built One Hyde Park a decade ago in collaboration with his younger brother Christian. &ltp class="mol-para-with-font"&gtCatering to the whims of so-named ‘super-prime’ home owners, he has simply because the late 1990s built a person fortune allegedly worth hundreds of millions of pounds.  &ltp class="mol-para-with-font"&gtAlong the way, he’s acquired a portfolio of yachts, supercars, luxury homes and high priced watches, along with a trophy wife in the shape of Australian soap-opera star turned pop singer Holly Valance. &ltp class="mol-para-with-font"&gtThe flat, he stated this week, is ‘a world-class real estate asset in the heart of London that will continue to carry out as a solid investment for years to come’. &ltp class="mol-para-with-font"&gtAccording to reports, he’s considering about two approaches from un-named purchasers who are eager to use Bitcoin to conduct the transaction. &ltp class="mol-para-with-font"&gtOffers made by way of the unregulated crypto-currency, which can be exchanged globally in conditions of anonymity, will be happily deemed due to the reality the crypto market represents ‘a big opportunity’, Candy told a reporter from Bloomberg. &ltp class="mol-para-with-font"&gtA bombastic character who courts celebrities (definitely absolutely everyone from Kylie Minogue and Formula One supremo Bernie Ecclestone to Prince Albert of Monaco, Andrew Lloyd Webber and Gary Lineker have been photographed at his parties), Nick has also provided generously to the Conservative Celebration over the years, and is one of the important fundraisers for its present London Mayoral candidate Shaun Bailey. &ltp class="mol-para-with-font"&gtTo pals, he’s a self-made organization genius whose achievement in the field of real estate improvement demonstrates the enduring virtues of challenging operate and enterprise. &ltp class="mol-para-with-font"&gtTo critics, Candy’s entire profession represents a point far significantly significantly less welcome in public life.

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&ltp class="imageCaption"&gtThe flat, Nick Candy stated this week, is ‘a world-class real estate asset in the heart of London that will continue to carry out as a solid investment for years to come’. According to reports, he’s considering about two approaches from un-named purchasers who are eager to use Bitcoin to conduct the transaction &ltp class="mol-para-with-font"&gtFor, in addition to fuelling a house boom that has priced millions of ordinary Britons out of the housing market, he has attracted a controversial breed of super-wealthy, but secretive investors to our shores, most of whom seem to devote indecent amounts of power to sustaining their fortunes away from the taxman. &ltp class="mol-para-with-font"&gtNowhere is this debate more apparent than in the divergent points of view surrounding One Hyde Park. &ltp class="mol-para-with-font"&gtNick Candy and his supporters would argue that the super-wealthy inhabitants it aids draw to the capital allow wealth to ‘trickle down’ to the concierges, cleaners and drivers they employ, along with the restaurateurs and luxury retailers whose premises they patronise. &ltp class="mol-para-with-font"&gt’This is the top city in the world, and the best tax haven in the world for some,’ is how he immediately after explained One Hyde Park’s achievement. &ltp class="mol-para-with-font"&gtOthers, which involves Professor Gavin Stamp, of Cambridge University, an architectural historian, see points differently. The constructing, he has argued, is ‘a vulgar symbol of the hegemony of excessive wealth, an over-sized gated neighborhood for men and women with more dollars than sense, arrogantly plonked down in the heart of London’. &ltp class="mol-para-with-font"&gtThe story of One Hyde Park dates back to 2004 when a somewhat ugly 1950s office block named Bowater House came up for sale. &ltp class="mol-para-with-font"&gtNick and his brother Christian have been then little-recognized developers who had started out in the house game in the late 1990s employing a £6,000 loan from their grandmother to assistance buy, do up and sell a small flat in Earl’s Court. &ltp class="mol-para-with-font"&gtSpotting a gap in the market for wealthy, security obsessed Russians moving to London following the fall of communism, they’d promptly built a lucrative organization renovating and then advertising top-end homes in Central London. &ltp class="mol-para-with-font"&gtThe Knightsbridge web-site represented a new and more high-profile sort of opportunity.  &ltp class="mol-para-with-font"&gtAfter securing a deal to buy the shabby house for £150m, they then convinced the Qatari Royal Family to invest £1 billion in assisting them redevelop it along hugely ambitious lines, employing plans drawn up by Richard Rogers, the ‘starchitect’ who’d built all the factors from the Millennium Dome to the Pompidou Centre in Paris. &ltp class="mol-para-with-font"&gtIt wasn’t completed till 2011. But in the house world, timing is all the factors and One Hyde Park’s launch coincided with the end of the financial crisis, which saw ultra-wealthy internationals piling into London’s luxury real estate sector as a supposed safe-haven from volatile markets.

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&ltp class="imageCaption"&gtThe story of One Hyde Park dates back to 2004 when a somewhat ugly 1950s office block named Bowater House came up for sale. Nick and his brother Christian have been then little-recognized developers who had started out in the house game in the late 1990s employing a £6,000 loan from their grandmother to assistance buy, do up and sell a small flat in Earl’s Court. Spotting a gap in the market for wealthy, security obsessed Russians moving to London following the fall of communism, they’d promptly built a lucrative organization renovating and then advertising top-end homes in Central London &ltp class="mol-para-with-font"&gtTo this small but free-spending group, Candy properties have been uniquely eye-catching thanks to their unprecedented level of ‘bling’. &ltp class="mol-para-with-font"&gtOne Hyde Park brought this to a new and unprecedented level. Even although the top price paid for London homes had previously been about £2,500 per square foot, purchasers have been ready to fork out about £7,000 for one of its 86 apartments, spread across four ‘pavilions’. &ltp class="mol-para-with-font"&gtIn the late 2000s, when the flats have been first becoming marketed, I was granted a tour of a Candy house. &ltp class="mol-para-with-font"&gtThe first point that hit me was the smell: a mixture of high priced leather and candles, and vases full of exotic flowers. The second was the just about surreal level of opulence. &ltp class="mol-para-with-font"&gtA self-playing piano tinkled in a living room, when a four-foot plasma-screen home entertainment system was hidden behind a movable wall panel. A cocktail bar dominated the reception area. &ltp class="mol-para-with-font"&gtA pool table had been custom-built to also house a roulette wheel and craps table. And in the two bathrooms (his and hers) off the master bedroom, mirrors have been really video screens with a built-in time delay, enabling you to turn about and see your back. &ltp class="mol-para-with-font"&gtEverywhere you looked was leather, marble, high priced modern art and trendy coffee table books. Windows have been triple-glazed and bulletproof. Doors closed with a clunk that oozed quality. It was spectacularly vulgar, and utterly unforgettable. &ltp class="mol-para-with-font"&gtA distinct sort of purchaser lapped it up, and, at first, the good occasions rolled.  &ltp class="mol-para-with-font"&gtAt One Hyde Park’s star-studded 2011 launch celebration, five thousand gold balloons have been released from the roof and guests have been served Cristal champagne and canapes ready by Heston Blumenthal, whose restaurant at the subsequent-door Mandarin Oriental was in a position to present hot meals to house owners as portion of the concierge service included in their annual service charge. &ltp class="mol-para-with-font"&gtThis started at £20,000 for a one-bed flat and, we have been told, helped devote for the building’s SAS-educated security guards and receptionists, plus a wide variety of communal facilities which involves an underground squash court and a 21-metre pool. &ltp class="mol-para-with-font"&gtMarketing literature described the constructing as ‘The World’s Best Address’. Nevertheless promptly, a backlash started. For in the era of austerity, with millions of Britons facing hardship, such extravagance stuck out like a sore thumb. &ltp class="mol-para-with-font"&gtAt least portion of the challenge was that no one was absolutely confident who all the building’s residents really have been. Even although Land Registry records showed that 76 apartments at One Hyde Park had been acquired for a total of about £1.six billion (the rest have been retained by other investors, which involves Nick Candy), just a dozen have been registered in the names of human beings. &ltp class="mol-para-with-font"&gtThe rest have been owned by obscure corporations, most of which have been mostly primarily based in tax havens such as the Cayman Islands, British Virgin Islands, Guernsey and the Isle of Man. &ltp class="mol-para-with-font"&gtSome of the home owners had gone to extremes to defend their identity, too. For instance, a fifth-floor apartment worth about £8 million was owned by a company named ‘Rose of Sharon 4’, which in turn was controlled by five directors and two corporations mostly primarily based in the Isle of Man, when its shares have been held by a company mostly primarily based in the Virgin Islands. &ltp class="mol-para-with-font"&gtA fourth-floor flat appeared to belong to an Isle of Man Trust owned by a Virgin Islands company, which was itself owned by a second Isle of Man Trust. &ltp class="mol-para-with-font"&gtIn 2011, the Observer newspaper revealed that just nine of the flats have been registered for Council Tax —with five of these paying a lowered price for second homes. &ltp class="mol-para-with-font"&gtAnd so, with homelessness expanding, this pantheon of the mega-wealthy became a potent symbol of a expanding gulf involving Britain’s haves and have-nots.

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&ltp class="mol-para-with-font"&gtTwo years later, a long-operating investigation by Vanity Fair magazine lastly identified a lot of of the building’s house owners, unveiling a decision of some of the world’s most wealthy men and women, a lot of of whom hailed from corners of the globe with questionable records on human rights. &ltp class="mol-para-with-font"&gtTheir number included Sheikh Mohammed Saud Sultan al-Qasimi, a member of the ruling family of the Gulf emirate Sharjah in the UAE, precisely exactly where authorities have performed a ‘sustained assault’ on freedom of expression, according to Human Rights Watch. &ltp class="mol-para-with-font"&gtOther apartments have been owned by Naomi Campbell’s then boyfriend, a Russian businessman, Vladislav Doronin a Nigerian oil billionairess named Folorunsho Alakija a pop singer from Kazakhstan named Anar Aitzhanova and a host of sheikhs, oligarchs, Chinese organization leaders and other Asian plutocrats which involves a former associate of the Kazakh despot Nursultan Nazarbayev named Vladimir Kim. &ltp class="mol-para-with-font"&gtMore existing company filings by One Hyde Park Restricted, the property’s management company, reveal that present residents incorporate Kairat Boranbayev, a Kazakh businessman who has held positions in the corrupt Central Asian country’s gas enterprise, and Alima Nazarbayeva, believed to be the wife of the grandson of the country’s aforementioned dictator. &ltp class="mol-para-with-font"&gtMeanwhile, one of its swankiest apartments is the house of Rinat Akhmetov, Ukraine’s richest man, who’d purchased a triplex penthouse for £136m in 2011 and then spent £60m on renovations. &ltp class="mol-para-with-font"&gtThe only identifiable British residents, aside from Candy, look to be two used car salesmen — Geoffrey Warren, the owner of Cargiant, and Noel McKee, the founder of We Buy Any Car — and Rory Carvill, an insurance coverage coverage tycoon. &ltp class="mol-para-with-font"&gtIt should really really be stressed that the vast majority of ultra-wealthy foreigners came about their dollars absolutely legally. What is more, the use of secretive tax havens to hold house and other investments is respected. &ltp class="mol-para-with-font"&gtHowever, this failed to cease One Hyde Park becoming criticised as every single a symbol of brash excess, and a case study in a trend that has turned Knightsbridge and other prime London neighbourhoods into cultural ghettos inhabited just about absolutely by the international super-wealthy, pushing up house prices and forcing operating Britons out of the capital. &ltp class="mol-para-with-font"&gtRowland Atkinson, the study chair of inclusive Societies at Sheffield University went so far as to dub it ‘the place of the spoils from a lot of mineral and power-wealthy countries’ which ‘distorts the house market and damages the fabric of the community’. &ltp class="mol-para-with-font"&gtSuch sentiments have, in existing years, prompted successive governments to act to extract more earnings from the foreigners piling into high-end London house. &ltp class="mol-para-with-font"&gtThe suggestions governing so-named ‘non dom’ tax status have been tightened and prosecutors have started employing ‘unexplained wealth orders’ to pursue corrupt businesspeople and their families. &ltp class="mol-para-with-font"&gtTensions involving the UK and Moscow have observed UK visas removed from a host of oligarchs. As a outcome, Russian purchasers now account for just six per cent of £10m-plus home sales in London. In 2011, the year One Hyde Park was completed, they have been accountable for more than a quarter. &ltp class="mol-para-with-font"&gtCombined with uncertainty over first Brexit and then Covid, this has observed the value of ultra-prime house in Central London falling simply because 2015, even as standard house prices in the UK continue to rise. &ltp class="mol-para-with-font"&gtIndeed, evaluation by the organization journal Bisnow advisable that standard ‘super-prime’ house is now advertising for about £2,500 per square foot, the precise identical price it was fetching a decade ago.  &ltp class="mol-para-with-font"&gtEven One Hyde Park’s flats look to be commanding involving £6-£7,000 per square foot — as soon as more roughly the precise identical they went for when the constructing was completed. &ltp class="mol-para-with-font"&gtAgainst this backdrop, the £175m reportedly becoming sought for penthouse B.ten.01, at the equivalent of just about £10,000 per square foot, seems a trifle ambitious. But — as an estate agent may well inform a junior Arab dictator — the swankiest penthouse with the world’s best address is under no situations going to be cheap.

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