2 Mar

Hanover Lodge in Regent's Park, sold for £120m

Hanover Lodge in Regent's Park, sold for £120m

 Mar 2nd - (The Cloister)


Hanover Lodge in Regent's Park, London sold to a Ukrainian buyer for £120 million.
Former Conservative peer Lord Bagri is the current legal owner who in days will sign away the title deeds to a Ukrainian buyer.
Hanover Lodge was designed by the famous architect John Nash.
Nash was commissioned to redevelop the area by the Prince Regent in the early 19th century. Nash was to build a palace and various villas, but they were never built. Of the eight that were, four are located on the western edge of the park, and three still stand to this day: Winfield House (residence of the American Ambassador), Grove House and Hanover Lodge. Albany Cottage was demolished and is now the site of London Central Mosque.
Super Prime London market will continue to rise in 2012 as equity-rich buyers seek to take advantage of a market where low supply and high demand maintain a strong price performance.

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