Who bought the UKs most expensive residential property?

With a reported price tag of £136million, the penthouse at One Hyde Park would be the most expensive residential property ever purchased in the UK.

While rumour has been speculating for some time that sale of the penthouse apartment had already been agreed, it was only this week that the name of the purchaser was confirmed. The purchaser is 44 year old Rinat Akhmetov, the richest man in the Ukraine, whose £9billion fortune outstrips Roman Abramovich, the owner of Chelsea FC. Not only has Mr Akhmetov thought to have spent £136million on the apartment, but he is also said to be spending a further £60million on interior design.

Rinat Ahkmetov is said to have began making money in a humble industrial city in the Ukraine by trading metal, and made his first million by trading coal. He now has multiple business interests, including energy, mining, media, communications, and is the fashion among the extremely wealthy, he also owns a football team, albeit in the Ukraine and not in the English Premier league were foreign investors now own all the top flight clubs. He is also a member of the parliament in the Ukraine.

He has not been without controversy in his rise to his current wealth, having to fend off allegations of being the head of a crime syndicate, including allegations of money laundering, and fleeing the Ukraine for a time until the allegations fell away.

At 25,000 square feet the penthouse apartment is 16 times the size of a normal three bedroom house, and has the benefit of a private cinema, 21m swimming pool, saunas, gym, wine cellar, valet and a concierge. The annual service charge alone exceeds £100,000 a year.

Other properties in the development are also said to selling reasonably quickly with 33 of the 86 apartments officially registered as being purchased, and a further 12 said to already have been agreed. Most of the properties are thought to have been sold to foreigners, with Qatar, Kazakhstan, Russia, the United Arab Emirates, and Ireland will all seemingly be represented among the occupants of the luxurious development.

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