Property tycoon reveals plan for £200m Regent’s Park mansion

 
Kasmira Jefford
Follow Kasmira
PROPERTY developer Marcus Cooper has struck two new leasing deals with the Crown Estate on properties at Regent’s Park in a bid to create one of Britain’s most expensive homes.

The 47-year-old entrepreneur plans to combine a row of seven terraced properties at 6-10 Cambridge Terrace and 1-2 Chester Gate into “London’s first £200m property,” he said in a statement.

The property, which had previously been used as offices, will have around 50,000 square feet (sq ft), making it one of London’s largest residences.

Cooper is understood to have taken a 150-year lease from the Crown Estate on the properties, and a separate long lease on 15-16 Cornwall Terrace, also on the Outer Circle of Regent’s Park.

The two properties, designed by 19th century architect John Nash, are believed to be worth more than £130m.

In March, a company controlled by Cooper paid around £80m for One Cornwall Terrace, a 21,500 sq ft a seven-bedroom terraced mansion that was once the residence of the New Zealand High Commissioner.

His other schemes include the £500m redevelopment of Marco Polo house near Battersea Park.