Property News · July 22, 2021

Chinese tycoon gets go-ahead to build vast central London ‘palace’


Westminster council unable to block Cheung Chung-kiu’s grand plans for Knightsbridge property despite ban on “Monopoly board-style” homesA Chinese billionaire has been granted planning permission to construct an eight-storey, 5,760-sq metre (62,000-sq-ft) private palace overlooking Hyde Park, central London.Westminster city council granted Cheung Chung-kiu, a Hong Kong-based property tycoon, permission to partly demolish and reconstruct 2-8A Rutland Gate, in Knightsbridge, in order to create his vast new home, which experts said could be worth up to £500m when completed. Continue reading…

Source : theguardian.com
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