Heron International Ltd. will seek 18 million pounds ($30 million) for a penthouse in its residential skyscraper in the City of London financial district, a person with knowledge of the matter said. A sale at that price would be a record for the neighborhood, according to broker Savills Plc.
London’s Battersea Power Station developer plans to sell luxury apartments for as much as 30 million pounds ($49 million) each, anticipating buyers will pay a premium to own prominent pieces of the historic building.
Kuwait is interested in investing in London real estate projects after focusing on completed properties for several years, Boris Johnson, the city’s mayor, said after meeting with members of the Kuwait Investment Authority.
Oxley Holdings Ltd., a Singapore- based property developer, plans to build 3,400 homes in London after buying the city’s largest mixed-use real estate site since a group of Malaysian investors agreed to purchase Battersea Power Station in June 2012.