Seven years ago, the four brothers behind the Hinduja Group, a multi-billion dollar transnational conglomerate, laid down $95M for a London mansion designed for King George IV by architect John Nash. Sure, they were already living in a 25,000-square-foot mansion across the street, but this opportunity presented the chance to own “something grander,” according to a recent Forbes piece. After all, what’s two across-the-street mansions for guys worth $8B? After investing another $95M into restoring and renovating the building—”nearly gutting it to its bare brickwork in several places” and hiring up to 140 people, at one point—the 67,000-square-foot palace was finished two years ago, and now plays host to a rotating stable of frolicking billionaire guests. Inside: Greco-Moorish ceilings, a half-ton Murano-glass chandelier, six formal sitting rooms, 25 bedrooms, a “leisure zone,” and a “Gold Room” with a gold-leafed ceiling. Taking into account the mansion listed for almost $400M down the block, someone from the London consultancy Knight Frank appraised the home at $500M. So yes, this is “something grander,” for sure, yet the Hinduja brothers haven’t actually moved: they still live across the street.
· Carlton House Terrace: The Hindujas’ New $500 Million Real Estate Masterpiece [Forbes via Homes of the Rich] · Park-Front London Mansion Privately Listed For $380M [Curbed National]
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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