Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
January 12, 2021

How The World’s Most Expensive Apartment Building Became A Lightning Rod For How We Feel About The Super Rich

[Webinar] Don't Miss What's Next For Beds? Navigating Uncertainty In The Sector Everyone Wants To Be In Jan. 21

Next week marks 10 years since London’s One Hyde Park was completed and the keys to its luxury apartments were handed over to residents who came from all corners of the globe, but who now shared at least two things: They were incredibly rich, and they had bought one of the most expensive homes on the planet.

One Hyde Park’s story is a classic real estate development tale of ambition, vision, nerve, a bit of cheek and a hefty slice of luck. It made a lot of people in London property who had nothing to do with it a lot of money simply through the gravitational pull that it exerted.

But One Hyde Park has a meaning and resonance that go beyond the property sector, in a way that very few buildings do. It says something about London in the 21st century, its place in the UK and in the world, the global distribution of wealth and how we feel about the very rich in our society. So it is also a story about elites, inequality, snobbery and international politics. Few buildings in recent years have created a reaction so visceral — to the point where its architect didn’t want to work in the UK in the wake of its completion. 

How The World’s Most Expensive Apartment Building Became A Lightning Rod For How We Feel About The Super Rich

“It became a lightning rod for feelings in London about the super rich,” RSH Senior Partner Graham Stirk, the building’s lead architect, told Bisnow. “People were openly hostile about it, it got a real barracking. The heavy duty nature of it all meant I didn’t want to work in the…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Major Data Center Operator Reportedly Up For Sale Major Data Center Operator Reportedly Up For Sale
Real Estate's Next Generation Pick The Big Stories For 2021 And Beyond Real Estate's Next Generation Pick The Big Stories For 2021 And Beyond
The Sound Of Far-Off Thunder — China Curbs Lending To Property Developers The Sound Of Far-Off Thunder — China Curbs Lending To Property Developers
Problems Remain, But International Investors Think Brexit Clarity Will Boost London Prices Problems Remain, But International Investors Think Brexit Clarity Will Boost London Prices
Perforation

The Fullest List Ever Published Of The Owners At The World’s Most Expensive Apartment Block

The Fullest List Ever Published Of The Owners At The World’s Most Expensive Apartment Block  

The owners of the apartments at One Hyde Park, the London apartment block that has set records for the highest price paid for apartments globally, is a subject of fascination and shrouded in mystery. Many of the 86 apartments are owned by corporations registered in…

Read Full Story

  Share:  
Perforation

Just What You Needed: More Uncertainty, With London's Tall Buildings Policy Up In The Air And Mayoral Elections In Doubt

Just What You Needed: More Uncertainty, With London's Tall Buildings Policy Up In The Air And Mayoral Elections In Doubt  

Mayoral elections in London will go ahead in May — perhaps. And there will be restrictions on tall building development — probably. Both the London mayoral election and skyscraper planning policy are in doubt as…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

The Weird Psychology Of Why You Do So Many Deals In December The Weird Psychology Of Why You Do So Many Deals In December
The 10 Key Questions For Real Estate In 2021 The 10 Key Questions For Real Estate In 2021
As A Brutal Year Ends, 4 Flexible Office Companies Hit The Rocks As A Brutal Year Ends, 4 Flexible Office Companies Hit The Rocks
TIAA And Partners Stump Up Cash To Cure Debt Breach On Giant WeWork London Deal TIAA And Partners Stump Up Cash To Cure Debt Breach On Giant WeWork London Deal
 
Perforation

New COVID Workplace Rules Could Slow Return To Work, Whenever It Comes

New COVID Workplace Rules Could Slow Return To Work, Whenever It Comes  

UK health and safety rules are expected to toughen the requirements on social distancing and ventilation at work, making COVID-secure workplaces even harder to achieve. The new rules could be significant when the current English…

Read Full Story

  Share:  
Perforation
Tell Us
Got a story? Email Mike Phillips, mike.phillips@bisnow.com
 
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 45141