One Hyde Park flat becomes Britain's most expensive home after £160m sale

Callum Keown
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A penthouse apartment in the luxury One Hyde Park development has become Britain's most expensive home after being sold for £160m.

The penthouse apartment in the Candy brothers' high-end London block was bought for the record amount in May, Land Registry documents revealed.

It was sold to two offshore companies PHB London Holdings Ltd and PHB London Dormant Ltd – both registered in Guernsey.

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It surpasses the £140m sale of the 300-year-old Park Place estate near Henley-on-Thames, bought by one-time Russian banker Andrey Borodin.

The block B flat, across two floors, also topped the £137m paid by Ukrainian billionaire Rinat Akhmetov for a three-floor apartment in block A of the development in 2011.

Property tycoons Christian and Nick Candy bought the site, overlooking Hyde Park, from Land Securities in 2005 for £150m.

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The brothers won planning permission to demolish the original Bowater House and build 86 luxury apartments, a project which was completed in December 2010.