Hyde Park Residential makes it into Britain’s top 50 Buying Agencies

PrimeResi’s Prime Movers index profiles the 50 most influential, successful and respected residential property buying agencies in Britain. It is based on independent research and a range of sources – including a survey of PrimeResi Professional Members, which resulted in over 1,000 nominations for individual firms.

Short-listed firms are given the opportunity to submit a company profile and business highlights from the last 12 months. The rankings are qualitative judgements that attempt to measure recent success and business developments, quality of service, influence, innovation, and reputation within the industry; they are not based on company size or quantity of deals done.

Commenting on the accolade, HPR director Nicholas Portelli said that “it is a privilege being part of such a prestigious list particularly in a year when challenging market conditions necessitated more attention to client needs. We are very grateful to our friends, colleagues and clients for nominating us and for their kind words, and look forward to 2019 with renewed vigor”.

 

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US based Citadel fund founder buys £95m London home

Billionaire fund manager Ken Griffin purchased 3 Carlton Gardens, which overlooks the Mall and St James’s Park in central London, for £95m. The property is a Grade II*-listed Georgian mansion with 17,650 square feet of internal space and within sight of Buckingham Palace.

The property was acquired some five years ago by Mike Spink for around £65m and has undergone substantial renovation. Last year the property was quietly launched at £125m with a sale agreed at £95m.

Ken Griffin founded Citadel in 1990 and has since served as the firm’s Chief Executive Officer. Today, Citadel is recognised as one of the most successful investment firms in the world, and manages over $28 billion in capital for its partners.

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ITV’s Southbank site offered for £150m

Knight Frank has been instructed to find a buyer for ITV’s former headquarters and studio site on London’s Southbank.

The prime riverside site comes with planning consent for a major mixed-use scheme including a 31-storey residential tower. This will include 213 apartments, commercial space, a new public square, and some retail space. The 525,000 sq ft (NIA) proposed development has been drawn up by Hopkins Architects

Existing buildings were completed in 1972, and have served as ITV’s HQ for over 45 years.

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Hines buys Oxford Street site

 

US-headquartered investment firm and property investor Hines has acquired 354-358 Oxford Street for around £41 million from Transport for London.

The site which is currently vacant, is next to the Disney store and directly opposite the main Bond Street station exit on Oxford Street.

Privately-owned, Hines plans to create a scheme drawn up by architects at Fletcher Priest, comprising new shops and eleven apartments with an estimated GDV of around £70m.

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