A Knightsbridge property where a four storey, 18,000 square foot iceberg-style extension was previously proposed has been sold to a new owner.
The former school in Walton Street previously owned by Canadian media magnate David Graham has been sold for £50m after he died last year. Graham had previously applied to triple the size of the property with an underground extension, but was refused permission by Kensington & Chelsea Council.
The plans faced fierce local opposition, with local residents objecting primarily due to the ‘enormous scale of activity envisaged by the Construction Traffic Management Plan’. There are concerns however that the new owner, a US-registered company, could resurrect the plans.
Given the property’s Knightsbridge location, the size of the plot and the sale value it is inevitable that the property has been purchased for some kind of substantial development. It is probably just a matter of how tall, wide or deep the new owner will ask for permission to go.
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