A Polish billionaire has paid £57.5m for a house near Harrods in the latest sign that London’s depressed luxury property market is returning to life.
Dominika Kulczyk bought a property in a prime Knightsbridge garden square from Mike Spink, a residential developer best known for selling a historic mansion near Buckingham Palace last year to hedge fund billionaire Ken Griffin.
A spokesperson for Ms Kulczyk declined to comment. Mr Spink was unavailable for comment.
There have been some high-value deals at the top of London’s residential property market in recent months as the world’s wealthiest rushed to take advantage of the weak pound and seal purchases before a potential new tax on purchases by foreign investors took effect.