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Friday, July 10, 2020

Chinese tycoon who pays £ 210 million for the Knightsbridge mansion

CC Land is best known in Britain for purchasing the “Cheesegrater” skyscraper, formally known as the Leadenhall Building, in the city.

The private purchase of the house in Knightsbridge was brokered by Beauchamp Estates.

The property, close to London’s best-known luxury residential development, One Hyde Park and Harrods, was once the home of Rafic Hariri, former Prime Minister of Lebanon, assassinated in 2005. It was also the London residence of Prince Sultan bin Abdulaziz Al Saud, the late Crown Prince of Saudi Arabia.

Elie Chamat, co-founder of Decisive Wealth, a Swiss wealth manager who manages the property on behalf of the heirs of the late Crown Prince, said the sale shows that investors are willing to bet on rising property prices and resilience. of the pound.

The deal is noteworthy, “especially because we know how difficult the high-value residential market has been,” he said via email. The Saudi embassy in London did not respond to requests for e-mail comments.

The seven-story white stucco house offers 5,760 sq m of living space, about 7% more than an American football field. It was originally built in 1830 as a terrace of four terraced houses, but in the mid-1980s the terrace was renovated into a single private Italian building.

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