London apartments reach £5,000 psf
British Land raises £210m from selling 18 of 24 units at Clarges Mayfair
Add BT as a preferred source[LONDON] British Land Co sold an undisclosed number of luxury apartments in London's Mayfair for more than £5,000 (S$10,355) per square foot (psf), the most paid for a new home in the district.
More than one of the apartments broke the record by a "big margin", said Tim Roberts, head of offices and residential at British Land. He declined to be more specific, citing the privacy of the buyers.
The London-based developer sold 18 of the 34 apartments at Clarges Mayfair, a short walk from The Ritz hotel, at an average price of £4,750 psf, according to a statement on Monday.
