One Hyde Park opens its doors

Steve Dinneen
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A LUXURY development backed by Chris Candy will open this week, with flats at the exclusive address One Hyde Park starting at around £6.5m.

Three retail units at the site, located between Hyde Park and Knightsbridge, have already been snapped up by luxury car maker McLaren, watch designer Rolex and the Abu Dhabi Islamic Bank.

The former office building was acquired from Land Securities in 2005. It is owned by Project Grande, a joint venture between CPC Group and Gulf-backed consortium Waterknights.

Chris Candy, owner of CPC Group, said: “One Hyde Park is located in one of the world’s best known retail districts, anchored by Harrods and Harvey Nichols, and is one of the leading shopping streets in the world.

“In a climate where prime investments in central London are few and far between, this presents a unique and rare investment opportunity in a strongly performing retail market where all indications point to continued growth, especially in the lead up to the Olympics in 2010 and beyond.”