British radio tycoon Ashley Tabor, 39, has bought a penthouse in a Knightsbridge apartment block for a cool £90m in cash – right next door to his current apartment.
The media mogul has submitted a planning application to amalgamate his two apartments to create one ‘super-penthouse’ which could be worth north of £200 million when completed.
The proposed super-apartment is based in the exclusive ‘Knightsbridge Apartments‘ building, opposite the Bulgari Hotel and a stones throw away from regular shopping haunt of the capital’s elite, Harrods.
Wealthy residents in the block have access to a 24-hour security and concierge service, a world class leisure suite including swimming pool, plus valet parking.
When completed the space will host 10 bedrooms, 2 kitchens, a cinema, office, study, playroom and living room spread across one giant 15,000 sq ft floor.
Should the plans be approved and developed to specification, the notoriously publicity shy Tabor will have created one of the largest and most valuable apartments in the country.
On top of the £90 million, Tabor will have paid a further £13.5 million in stamp duty, which is one of the biggest ever single payouts to the increasingly influential tax measure. However, it still doesn’t reach the £15.2 million he paid for his original apartment at the 12-storey Knightsbridge block in 2006.
The music mogul, who once shared a flat with DJ Chris Moyles, has commissioned high-end planning firm Gerald Eve to deal with the proposals.
According to documents submitted to Westminster Council, the requirement to amalgamate the two apartments is for a need for a “large, modern family home where the family could live separately from guest accommodation and other more public areas of the house”.
Still under 40, Tabor has made waves in the media and broadcasting world and recently received an OBE in the Queens birthday honours. However, DealMakerz notes he may have had a helping hand from his father Michael, who has an estimated fortune of £550 million. Michael Tabor was instrumental in Global’s purchases of GCap Media and Chrysalis Radio for a combined price of £545m in 2008, transforming them into the largest radio network in the UK.
That said, even during a particularly illiquid period for the ultra prime market in London, this is surely a shrewd move.
Interested in buying (or sneaking a look inside) one of the Knightsbridge Apartment buildings? A 1-bed is for sale right now for £3 million – take a look at the listing here.
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