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London, UK: Properties at the much anticipated The Glebe in Chelsea, London have finally been released for sale.
Industry experts say The Glebe will rival the Candy brother’s £1.25 billion (US$2 billion) One Hyde Park in Knightsbridge for sheer luxury in the UK capital. One Hyde Park is currently the most expensive place to live in London, with a single apartment recently selling for over £40 million (US$65 million).
The £300 million (US$490 million) project in Chelsea will consist of six apartments with ceilings up to five metres high, a two floor penthouse with a roof terrace and two detached villas. Every property will have its own swimming pool, a games room and will be served by a private elevator.
The Glebe has a pretty unique location too; a one acre plot close to the River Thames and a one minute walk to Chelsea’s fashionable Kings Road.
"It is very different…it is so rare that you get an acre in Chelsea. It is a rarity" commented Aref Lahham, a spokesman for the developers.
The Glebe was initially granted planning permission by The Royal Borough of Kensington and Chelsea in 2009.
It was designed by renowned architect Sir Norman Foster, one of Britain’s most prolific architects.
Foster’s previous work includes; Hong Kong International Airport; the Reichstag restoration in Berlin; and the Swiss Reinsurance UK company headquarters in London.
In 2007 Foster collaborated with French designer Philippe Starck and entrepreneur Sir Richard Branson on the Virgin Galactic terminal building in the New Mexico desert.
It has been suggested that all the properties at The Glebe could be bought by a super rich family, who may want to live together but in their own homes.
Prices are on application only but are rumoured to be between £25 million (US$40.6 million) and £35 million (US$56.9 million) for the detached villas. The two storey penthouse is expected to sell for around £35 million (US$56.9 million).