A London mansion has been sold to a mystery buyer for £139mn

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The Regent’s Park mansion, formerly owned by the Saudi royal family, which fell into receivership two years ago, has been sold to a mystery buyer for £139mn in the biggest property sale in London.

The holm, which sits in four acres of private gardens in Regent’s Park in central London, has been sold to Zedra, the UK subsidiary of the firm, which runs the trust on behalf of various clients. Land records.

The £138.9mn sale clashes with an estimated £138mn purchase by billionaire Adar Poonawalla. Aberconway House It was the second most expensive house sold in London in May 2023.

“This is a once-in-a-decade kind of thing. Property . . . A lovely little house in the heart of London in its own parkland,” says property vision buying agent Roary Scarisbrick. “This is not a house for the timid and retiring.”

UK companies must officially register their beneficial owners. This requirement is extended to overseas companies that have assets in UKTo increase transparency after Russia’s full invasion of Ukraine.

But they still exist Gaps in the regime They drew criticism from transparency advocates and some lawmakers. The individuals behind some assets may still be obscured by confidentiality, with information about end-users disclosed to the government but not made public.

In the year Presenting transparency measures in 2023, current housing secretary Michael Gove said: “Trust can be used for entirely legitimate reasons. But they are created and created using laboratory structures deliberately to obfuscate the ownership of wealth and make it easier for the corrupt to operate.

The company registered as Holm’s new owner is controlled by Luxembourg-based Zedra, according to corporate filings.

The UK government has published new draft rules that will allow anyone to search for information about confidential information held in foreign property owners’ registers – with certain restrictions, such as protecting the information of minors. If approved, the regulations are expected to take effect in August.

Holm came on the marketIn the year Seeking a value of up to £250mn after the liens on the property expire in early 2023. It was previously purchased on behalf of Saudi Arabia’s Prince Khalid bin Sultan Al-Saud and his family in 2011.

The 207-year-old villa, which is held on a long-term lease from the Crown Estate, is likely to require complex and costly renovations given its heritage status, people familiar with the property said. Holm’s neighbors include the American ambassador’s residence at Winfield House, one of the few private residences in a central London park.

According to public records, the property was sold in mid-December by Trinity Investments, an Irish company to London hedge fund Atester. The money was known for its debt methods, and secured a multi-million pound loan to Cundon secured against the property.

Witness and Zedra declined to comment. Knight Frank and Beauchamp Estates, the agents appointed to sell the house, declined to comment.

London’s most expensive home sale, the 45-room mansion at 2-8a Rutland Gate, was reached in a confidential deal before the Covid-19 outbreak, with a British Virgin Islands company buying the property for £210mn from a Curacao-registered entity. Financial Times In 2022, the governor revealed that the founder of Evergrande was Hui Ka Yan, a one-time Chinese tycoon.