As a tidal wave of cash flowed into London’s super-prime property market, the deal that saw a former Harrods car showroom in Chelsea change hands for £129 million generated barely a ripple of interest.
Like many a property in this gilded corner of our capital, the Edwardian brick building on Sloane Avenue was to be converted into 49 luxury flats, with a smattering of top-end shops beneath to cater for residents.
The buyer, an opaque company named 60 SA Limited and registered in the tax haven of Jersey, hoped to sell them for a total of £400 million and turn a handsome profit.
|Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.|