Home Australia Regent’s Park mansion dubbed ‘mini-Buckingham Palace’ sells for knockdown £139m to mystery buyer after Saudi prince seller defaulted on loan for private jet

Regent’s Park mansion dubbed ‘mini-Buckingham Palace’ sells for knockdown £139m to mystery buyer after Saudi prince seller defaulted on loan for private jet

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The Holme (in the photo), set in Recent's Park in London, went on the market with an initial price of £ 250 million in March 2023, but was sold last month for £ 139 million.

A mysterious buyer has done with what would become the most expensive house in Great Britain for just over half of its initial price after the heir prince of Saudi Arabia pressed his real relatives.

The Holme is only in four private acres of Regents Park in downtown London, where among the few nearby neighbors is the US ambassador.

The 40 -room house gardens extend to the lake with park boats and an architecture critic has described the 200 -year -old house as the “definition of Western civilization.”

It has been owned by the family of the former Saudi Minister of Defense, Prince Khaled Bin Sultan Al-Saud, since he bought it for 34 million pounds sterling in 1991, but went on the market in 2023 when the creditors demanded the reimbursement of a loan For a private jet.

The sale price was a record of 250 million pounds sterling, but almost two years later changed hands for 139 million pounds very small sterling.

The identity of the new ultraric owner has not yet emerged, but industry connoisseurs believe it is only a matter of time before it is revealed.

‘This is a type of property that occurs once per decade. . . “A mini stately house in downtown London, in its own park,” said Roarie Scarisbrick of Property Vision to the Financial Times.

“This is not a house for shy and retracted people.”

The Holme (in the photo), set in Recent’s Park in London, went on the market with an initial price of £ 250 million in March 2023, but was sold last month for £ 139 million.

The former Saudi Defense Minister, Prince Khaled Bin Sultan Al-Saud, bought the house in 1991.

The former Saudi Defense Minister, Prince Khaled Bin Sultan Al-Saud, bought the house in 1991.

Millions of pounds in gold bread adorn the internal decoration of the house, and even with £ 139 million is the second most expensive house ever sold in the United Kingdom, exceeding the £ 138 million paid two years ago by Aberconway House in Mayfair in London to third place.

They still stand out above both the 205 million pounds paid by Chinese magnate Cheung Chung Kiu to another member of the Saudi royalty for the 62,000 square feet of Rutland Gate overlooking Hyde Park in 2020.

The absolute property of The Holme is owned by Crown Estate, but the British government sold the long -term lease of the regency’s masterpiece to a Kuwaiti businessman for only £ 5 million in 1984.

Six years later he was in the hands of Prince Khaled, a former graduate of Sandhurst and career soldier in the Saudi army after he was bought in his name by a company registered in Guernsey called Quendon.

But in 2016 it served as a guarantee of a loan that the prince used in part to pay the lease of a private jet.

The following year, the heir prince of Saudi Arabia, Mohammed Bin-Salman, ordered to take energetic measures against his extensive real family in a purge that led some of them to jail.

Prince Khaled was not among them, but the repression coincided with a “massive” deterioration of their finances, according to the advisors who spoke with the Financial Times.

He sold his house of £ 70 million in Paris according to the WSJ and it is believed that he also sold two expensive yachts.

The Holme was originally built in 1818 and has four acres of land. Since absolute property still belongs to Crown Estate, gardens can be visited through the National Garden Plan.

The Holme was originally built in 1818 and has four acres of land. Since absolute property still belongs to Crown Estate, gardens can be visited through the National Garden Plan.

The most expensive house currently in Britain: originally built as four separate family houses, the large seven-story residence with stucco facade extends from 2-8a Rutland Gate, Knightsbridge.

The most expensive house currently in Britain: originally built as four separate family houses, the large seven-story residence with stucco facade extends from 2-8a Rutland Gate, Knightsbridge.

Sales of the most expensive houses are usually made discreetly and, often, through the use of trusts that sometimes obscure the identity of the parties involved.

Therefore, the connoisseurs of the industry were horrified when in March 2023 the news was leaked that The Holme was being marketed as a ‘Buckingham Mini-Palacio’ and predicted that the sale would be a failure.

‘There is practically a’ selling ‘poster in front. It is not a good start, “an agent exclaimed, telling the Financial Times that normally when the most expensive houses change hands” nobody knows that it has been sold, nobody knows that it is available, nobody knows the price. “

Quendon, which includes five of Khaled’s children among its beneficiary owners, obtained a new loan on the house in 2019 with the Irish company Trinity Investments.

Trinity called the trustees in August 2022, which caused the sale of the house, and has now been bought by a British subsidiary of the Zedra heritage management company, based in Luxembourg.

It has not yet been revealed who will move, but an advisor to the Saudi Royal Family told the Financial Times that the sale is a sign of the pressures that its members now face.

“These are just versions of the situation,” they added. “These guys have serious problems.”

(Tagstotranslate) Dailymail

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