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How a Saudi prince lost a $450m ‘London palace’

How a Saudi prince lost a $450m ‘London palace’

The sale, which would be London’s most expensive residential deal on record, has opened a rare window into the normally discreet top end of the British property market.

When Saudi Prince Khaled bin Sultan al-Saud went shopping for a private jet in 2016, his Swiss wealth advisers pulled together a list of assets to secure financing that included the crown jewel of his family fortune – a 40-room mansion they described as the “London Palace”.

That 205-year-old house in Regent’s Park, also known as The Holme, is now up for sale for £250 million ($450 million) after a company managed by London hedge fund Attestor appointed receivers for the property following the expiry of a loan secured against it.

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Financial Times

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Original URL: https://www.afr.com/property/residential/how-a-saudi-prince-lost-a-450m-london-palace-20230308-p5cqey