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INVESTMENT RELEASE – TESSERACT INTERACTIVE SERVICE PHASE 3
MAXIMUM INVESTMENT £50K
IMMEDIATE INCOME TAX DEDUCTION FOR 2012-13 OF £25,000


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One Hyde Park One Hyde Park Apartments


Located in Knights Bridge, London, One Hyde Park is a major residential complex comprising of 86 luxury properties, which are some of the most sumptuous and expensive in the UK. In addition to residential apartments, the complex, which is a joint development by CPC Group and the Prime Minister of Qatar, a wealthy Sheik, also hosts three retail units: Abu Dhabi Islamic Bank, McLaren, and Rolex


Building Process


The construction of One Hyde Park began in early 2007. The year before, the old constructions located on the building site were demolished. By April 2009 the structure of the building was already in place and the fitting-out work soon started. In the late summer of 2010 the residential complex attracted much interest in the media, as a rumour that a penthouse was sold for £140 million began to circulate. At that time, the penthouse was considered the most expensive residential property ever to be sold in the UK.


Tenants


By early 2011 only two luxury properties were sold, the £140 million-worth one being actually sold to the Sheik who backed the project, for slightly over £40 million. The other property was purchased by the other backer of the project, Christian Candy from CPC, who paid £31million for a property worth four times as much. Up to this point more than 50 luxury apartments London based have been sold within the complex, each worth £6 million or more. Residents include billionaires from around the world as well as a handful of celebrities. As of midsummer this year, there are still more than 30 luxury properties for sale in the complex.


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