A luxury penthouse in London has sold for a record-breaking Â£140 million ($220 million), as the market for “trophy homes” bucks the wider property slump.
The two-floor apartment at the One Hyde Park development in Knightsbridge features bullet-proof windows, an air purifying system and a panic room.
The Â£140 million price tag makes the penthouse the most expensive property in Britain, passing the Â£115 million paid for a flat at the exclusive 8 St James’s Square development in Westminster in 2008.
The flat is believed to cost more than Â£6,000 a square foot compared with the Kensington and Chelsea average of Â£1,214 and capital wide average of Â£450.
Around 65 percent of all the properties in the block, due to open later this year, have already been sold at an average cost of Â£20 million.
Yesterday, we revealed that British supercar maker McLaren will open a luxe new showroom in the development as well.