Real Estate
London Mansion Sale for Over $262 Million Set to Shatter Record
- Knightsbridge property has 45 rooms and bullet-proof windows
- Price eclipses Ken Griffin’s $238 million New York penthouse
A Chinese property magnate is close to breaking London’s house-price record with the purchase of a 45-room mansion in Knightsbridge for more than 200 million pounds ($262 million).
The private family office of Cheung Chung Kiu has agreed to buy the palatial home at 2-8a Rutland Gate, overlooking Hyde Park, a spokesman said in an emailed statement. The deal would be a bright spot for the U.K. capital’s moribund luxury property market, and a sign that the world’s wealthiest are being lured by the weak pound as the U.K.‘s exit from the European Union draws near.