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CPC sells One Hyde Park Penthouse with $295 Million Valuation

by Patrick Gower, May 2nd 2014

A penthouse in London’s One Hyde Park luxury apartment complex valued at as much as 175 million pounds ($296 million) was sold by Christian Candy’s CPC Group Ltd.

The 16,000 square foot (1,486 square meter) duplex penthouse D was valued independently at 160 million pounds to 175 million pounds, CPC said today in an e-mailed statement. The buyer and selling price weren’t disclosed.

A sale at that price would value the property at more than 10,000 pounds per square foot, a U.K. record, Oliver Hooper, director of broker Huntly Hooper Ltd. said by phone. The previous record was 9,000 pounds a square foot paid for a London mansion, he said.

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