New York Penthouse Sells for $88m

BBC: A lavish New York penthouse with panoramic views of Central Park has become the most expensive apartment ever sold in the city.

Russian fertiliser magnate Dmitry Rybolovlev - said to be the world's 93rd richest man - spent $88m (£56m) buying the Central Park West pad.

It is thought to be for his 22-year-old daughter, Ekaterina Rybolovleva.

The 6,744 sq ft (627 sq m) apartment was sold by American Sandford Weill, a former head of banking giant Citigroup.

The penthouse stands atop 15 Central Park West, a landmark building designed by architect Robert Stern.

It boasts a custom-made oval bedroom, a library, gallery, chef's kitchen and a 2,100 sq ft (195 sq m) terrace running along three sides of the building. » | Thursday, February 16, 2012

Britain's Richest Street: The Place by the Palace, Where the Average House Price Is £19.5m

MAIL ONLINE: They are beyond the reach of mere mortals. In fact, the homes in Kensington Palace Gardens would be too pricey even for many celebrities, bankers and lottery winners.

A string of eye-watering property deals has helped to turn it into Britain’s most expensive street.

The average price of a mansion in the affluent road in Kensington, West London, is an astonishing £19.2million, according to a study by property company Zoopla.

The figure is 93 times the national average house price of £205,985. Even a single square foot of land in the street would cost you £1,193.

Britain’s richest man Lakshmi Mittal, a steel magnate worth £23.8billion, bought one of the houses for £57million from the Formula One boss Bernie Ecclestone in 2004, and renamed it Taj Mittal.

Since then he has bought another home on an adjoining street for a record £117million from hedge fund tycoon Noam Gottesman. » | Arthur Martin and James McMeekin | Wednesday, June 01, 2011

Inside One Hyde Park
THE DAILY TELEGRAPH: The £650 million One Hyde Park development – the most expensive in London's history – has been unveiled for the first time.