A Middle East buyer has spent more than £100m on two penthouses in a new development in Mayfair, defying London’s cooling prime property market.
The mystery buyer is understood to have bought two flats in British Land’s Clarges Mayfair scheme on Piccadilly, W1J. The development offers views over Green Park and Buckingham Palace.
He is said to have bought one from British Land and the other from Lawrence Stroll, the Canadian billionaire and father of the Formula One driver Lance Stroll, with a view to knocking them together.
The blockbuster purchase comes despite the waning appetite of overseas investors for luxury London property amid increases to stamp duty and the uncertainty over Brexit.
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