Pursuits
London Home Overlooking Buckingham Palace Sells for $30 Million
- Developer has sold 29 of 72 apartments before construction
- Most buyers from Middle East, Africa, Northacre CEO says
No.1 Palace Street Buckingham Gate facade.
Source: APR CommunicationsThis article is for subscribers only.
A London apartment that will overlook Buckingham Palace was bought for 20 million pounds ($30 million) before construction of the building has started, the project’s developer said.
Northacre Plc, the luxury-apartment developer 70 percent owned by Abu Dhabi Financial Group LLC, has sold 29 of the 72 luxury residences at No. 1 Palace St. in six months, Chief Executive Officer Niccolo Barattieri di San Pietro said in a conference on Wednesday. He didn’t identify the buyers.