2-8a Rutland Gate in London.

Fancy spending £210 million on your UK home?

The Knightsbridge mansion overlooking Hyde Park is being offered for sale through Beauchamp Estates, according to a person with knowledge of the process.

Published on:

11 Oct 2022, 12:12 pm

So if you have £210 million or so to spare – the cost of 2-8a Rutland Gate in London in April 2020 – you too could own the seven-storey house with 45 bedrooms, an indoor swimming-pool, underground parking, several lifts, and substantial gold leaf decoration. The windows of the house are believed to be bulletproof. It has been owned by the former prime minister of Lebanon, the crown prince of Saudi Arabia and most recently, by the family of Hui Ka Yan. Hui, once one of China's richest men, has been selling assets after a collapse in the real estate market pushed his company Evergrande and other developers into default. Perhaps one could get a discount? – Sandra Laurence

London's most expensive mansion is on sale again

By Jack Sidders

(Bloomberg) — London's most expensive home is up for sale again.

The Knightsbridge mansion overlooking Hyde Park is being offered for sale through Beauchamp Estates, according to a person with knowledge of the sales process. The ultimate owner of the property is the family of Hui Ka Yan, chairman of embattled real estate giant China Evergrande Group, the person said, asking not to be identified as the process is private.

The planned sale comes less than three years after the property was last sold. A British Virgin Islands-based company called Vision Perfect Global Limited bought the 45-bedroom property in April 2020 for £210 million ($232 million), Land Registry filings show.

A spokesperson for Beauchamp Estates declined to comment. A representative for Evergrande declined to comment. The Financial Times earlier reported that Hui Ka Yan had bought the property in a deal fronted by fellow Chinese billionaire Cheung Chung Kiu, the founder of property company CC Land Holdings.

Hui, once one of China's richest men, has been selling assets after a collapse in the real estate market pushed Evergrande and other developers into default. His net worth has slipped to about $6 billion, from $30 billion at the end of 2019.

–With assistance from Emma Dong.

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