Stat of the day: £140m

The amount a penthouse in One Hyde Park will set you back. The soon-to-be-opened building is thought to be the most expensive residential development in the world.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
The world’s most expensive address has opened in Knightsbridge: coming in at about £6,000 per square foot, prices reportedly start at around £6.5m for a simple one-bedroom flat, and peak at £140m for one of the penthouses.

Not cheap - but being a resident of one of the 86 flats inside does come with some luxurious extras. The development, which overlooks Hyde Park, gives occupants access to a 21m swimming pool, saunas, a wine cellar and a golf simulator. 

And just in case that’s not tempting enough, hotel staff will also be on hand to serve residents 24 hours a day, courtesy of an underground tunnel which connects the building to the Mandarin Oriental Hotel next door.

After four years of planning, it’s the latest project by brothers Nick (who, fact fans, is currently in a relationship with former Neighbours star Holly Valance) and Christian Candy, and it's probably their most ambitious, too. Critics argued at the time that mid-recession was the wrong time for such a project, but property experts say the flats will appeal to international buyers who are also benefitting from the weak pound.   

- As luck would have it, MT’s has an interview with the Candy brothers in the February 2011 edition of the mag - so watch this space for more Candy (and Valance) news...

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Want to encourage more female leaders? Openly highlight their achievements

A study shows that publicly praising women not only increases their willingness to lead, their...

Message to Davos: Don't blame lack of trust on 'society'

The reason people don't trust you is probably much closer to home, says public relations...

Dame Cilla Snowball: Life after being CEO

One year on from stepping back as boss of Britain's largest advertising agency, Dame Cilla...

How to change people's minds when they refuse to listen

Research into climate change deniers shows how behavioural science can break down intransigence.

"Paying women equally would cripple our economy"

The brutal fact: underpaid women sustain British business, says HR chief Helen Jamieson.

Why you're terrible at recruitment (and can AI help?)

The short version is you're full of biases and your hiring processes are badly designed....