Corinthia Hotel London penthouse sold in £10m deal with international buyer

In a deal involving regional estate agent Aston Chase, a Hong Kong multi-millionaire has purchased the £10.75m 3,703 sq ft four top floor of the Corinthia Hotel London.

Aston Chase says that the Hong Kong multi-millionaire and his wife are said to be regular visitors to London and the Corinthia Hotel London is their favourite hotel in the capital.

The couple had initially looked with Aston Chase at other residences in Mayfair, Chelsea and Regent’s Park but when they learnt the top floor home at the Corinthia Hotel London: Private Residences was for sale, they signed a deal.

The Hong Kong buyer was introduced by Simon Deen, director and partner at Aston Chase, and the vendor was represented by Knight Frank.

Simon Deen said: “The Corinthia Hotel Private Residences purchase is the biggest deal in Whitehall in the last five years.

“Despite its prime location in the heart of London’s government district, by No.10 Downing Street, residential properties in Whitehall are more price competitive than neighbouring Mayfair, St James’s and Belgravia.”

The Corinthia Hotel London was originally built in 1885 as a hotel and favoured by King Edward VII. Between 1936 to 2007, it served as the Air Ministry and Ministry of Defence, before being refurbished and reopened in 2011 as the Corinthia Hotel London.

The adjoining Portland stone building at 10 Whitehall Place was built in 1910-1914 as an Italianate government building for the Ministry of Agriculture, Fisheries and Food.

Mark Pollack, co-founding director at Aston Chase, added: “Aston Chase has seen a rise in enquiries from Hong Kong high-net-worth residents looking to buy property in London and the Whitehall deal is the latest in a series of Hong Kong buyer deals Aston Chase have secured in locations including Kings Cross and Hampstead Garden Suburb.

“In the past few weeks we have had four serious high-end enquiries from prospective purchasers looking at homes in London.

“With London as their first choice for an international base it would suggest that Brexit has had little effect on changing the city’s desirability and global appeal.”