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The cost for one of London's most pricey apartments will begin at £35million - with
600 megarich customers already securing a spot on the waiting list.


Pricing details of billionaire John Caudwell's spectacular 1 Mayfair
development have now been revealed and only those with the
deepest pockets can hope to afford one of the lavish pads.


The cheapest apartment on offer is expected to be an eye-watering £35million - around 70 times the
average cost of a house in the capital.

Due to complete in Spring 2026 the scheme will easily surpass London's previous record breaker, the £1.3billion One Hyde Park development in Knightsbridge.


Caudwell told The Standard that there are already more than 600 prospective buyers on a
waiting list of billionaires and centi-millionaires
who have expressed an interest in making a purchase at the scheme.


There will be just 24 'principal residences' in the property including lateral apartments,
penthouses and townhouses with up to five bedrooms, and five more smaller
'pieds-à-terre' apartments.

The size of the homes has not yet been disclosed but the developers say even the most modest property will start with a
guide price exceeded by only a handful of mansions in London's richest neighbourhoods. 

The average price of all 29 units - which cover 300,000 sq ft
- will be close to £70million. 




The cost of London's most pricey apartments will begin at
£35million - with 600 megarich customers already securing a spot on the waiting list.
Pictured: A Computer generated image of the Mayfair development





Details of pricing at John Caudwell's spectacular Mayfair
development has now been revealed and only those with the deepest pockets can hope to
afford one of the lavish pads. Pictured: The building's topping out ceremony







The entry level price of £35million is 70 times the average London property value of
around £500,000, and 130 times the national average price of £268,000 revealed in today's Nationwide house price
survey for November.

The development's basement is being dug down to 90ft below
ground level to make room for a health spa with a 20 metre swimming pool as
well as a car park.

The designs were led by New York based architect Robert Stern and practice RAMSA, with contractors,
Mace, the construction managers and PJ Carey responsible
for the creation of the basement substructure and superstructure.





Due to complete in Spring 2026 after a six years build the scheme will easily surpass London's previous record breaker,
the £1.3billion One Hyde Park development in Knightsbridge.
Pictured: The ground floor at 1 Mayfair 





Billionaire John Caudwell (pictured) is funding the scheme.
He founded the mobile phones retailers Phones 4u





The size of the homes has not yet been disclosed but the developers say even the most modest property will start with a guide price
exceeded by only a handful of mansions in London's richest neighbourhoods.
Pictured: A glamourous hallway within Mayfair 1



Be the first to commentBe one of the first to commentComments

Would you spend £35M+ on a luxury London apartment?

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Caudwell - who founded the mobile phones retailers Phones 4u - attended
the topping out of 1 Mayfair alongside senior members of
the construction team.

The ceremony was marked by the final steel rafter, one of 79 at roof level, being put into
place on the top of the nine-storey main apartment building.


No expense has been spared on the building's
interior and it will feature a ceiling with hand-painted frescos based
on Michelangelo's Map of the Heavens in the Vatican, a reception room with a double height ceiling and 18ft high French windows overlooking the garden.

There will also be a Palace of Versailles Hall of Mirrors-style crystal callery,
created from over 1,264 hand-set pieces of cut glass, a library and a garden gallery,
with seating areas opening directly onto the central courtyard garden.


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Des électeurs attendent l'ouverture d'un bureau de vote à Windhoek, le 29
novembre 2024 en Namibie

Namibians returned to vote on Friday in 36 polling stations reopened two days after a chaotic election, set to test the ruling party's 34-year grip on power,
was marred by technical problems.

Tensions are mounting in the historically stable and
peaceful southern African nation where Wednesday's
election was marked by long delays and labelled a "sham" by
the opposition.

Some people waited 12 hours in line to vote in presidential and legislative polls, billed
as the toughest yet for the South West Africa People's Organisation (SWAPO) party, in power since Namibia's 1990 independence from South africa.


Wednesday's queues were caused by many technical problems, including issues with tablets used to register voters and shortages
of ballot papers.

In some cases, torches used to show up invisible ink had run out
of batteries and mobile voting teams had left areas with voters
still in the queues, it said.

Facing criticism from both voters and parties, the electoral commission extended the vote for a
second time, giving Namibians until Saturday evening to vote.


In the capital Windhoek, at the only polling station picked to reopen, about 60
people showed up on Friday, including Kluivert Muuondjo who arrived at 4:30 am.


The 21-year-old student said he had waited in line until
11:00 pm on Wednesday but left before being able to vote
as he had exams the next day.




Des électeurs attendent l'ouverture d'un bureau de vote à Windhoek, le 29 novembre 2024
en Namibie

"Everyone will have the chance to vote," he said.
But because Namibians can vote at any given polling station, he was worried "everyone will flock to one place again."

The disarray led to angry complaints from opposition parties with some calling for a
halt in the electoral process.

Opposition parties were scheduled to meet on Friday and issue a joint statement, according to Christine Aochamus who represents
the Independent Patriots for Change (IPC) party.


Youth unemployment, enduring inequalities and the emergence of a generation born after independence are challenging support towards SWAPO which
has ruled since 1990.

Its candidate, vice-president Netumbo Nandi-Ndaitwah,
who could become the first woman to lead the country if elected, could
face an unprecedented second round in the mineral rich country.


"To open only one place in Khomas (the region of which the capital is part of) is absurd,"
said voter Ensley Engermund, who also said he couldn't vote on Wednesday because of long queues despite trying four different polling
stations.

"Only 1.5 millions voters are registered and we get this chaos?" asked the
49-year-old security agent.

"It was to get people frustrated."

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A billionaire couple have won the right to remove a single tree
from the driveway of their lavish $20million mansion after
being blocked by their local council. 

Paul Holmes a Court, the son of Australia's first billionaire Robert Holmes
a Court, and his wife Zara had been at loggerheads with their local council over
a request to remove a single peppermint tree growing in the middle of their driveway.


The couple bought the four-bedroom mansion in the affluent,
tree-lined suburb overlooking Perth's Freshwater Bay for $20.1million in August.


They wanted to remove the tree but the Shire of Peppermint Grove refused the request on the grounds the tree was not dead or
deceased. 

'We are very lucky to live here, but I have to say that the tree placement is unusual,' Ms Holmes a Court previously told a council
meeting. 

'I'm quite a reasonable and rational person, but
a tree in the middle of the driveway makes it quite tricky
to reverse out.'

The couple enjoyed a breakthrough at a council meeting last week after an alternative
motion was unanimously passed that allowed the tree to be removed on the condition they paid a $2,500 bond before any work was done on the driveway.


They will also need to plant two replacement trees on their property.




Paul Holmes a Court (pictured) is the son of Australia's first billionaire,
famed tycoon Robert Holmes a Court, who died suddenly
of heart failure at the age of 53





Paul Holmes à Court and his wife Zara won a council battle to remove a peppermint tree (pictured) from the driveway of their $20million mansion

Ms Holmes a Court previously claimed the tree's odd placement also made
it difficult to spot cars turning the corner at a nearby intersection with Bay View Terrace.


After the motion to remove the tree was passed
at the meeting, councillor Douglas Jackson said it was a 'good outcome'.


'I think it meets both the owners' wants, or expectation, but also matches the
council's needs at the same time by ensuring that there is tree cover on the verge of that property,' he said.



Peppermint Grove is hoping to implement a policy that
would even make it an offence to damage or remove any
mature trees on private property without council approval.


Last month, WA Planning Minister John Carey said he hoped the Shire of Peppermint Grove
would 'take a common sense approach' to the issue.


'This is part of the challenge that we do have with local government.
I've always been on the record that we need local governments to take a
common sense approach to issues,' Mr Carey told the West Australian. 

'And I understand people are passionate about trees.
But ultimately, we do need local governments to assess the situation and
find pragmatic outcomes.'

According to the online listing for the four-bedroom,
four-bathroom mansion - which is built on a corner block along the banks of the Swan River - the sprawling Federation-style property was built in around 1904. 




The Holmes à Court property was built in around 1904 in Federation 'Arts and
Crafts' style





The home boast an unparalleled view of the Swan River overlooking Fresh
Water Bay

'Designed in the rare Federation 'Arts and Crafts' style, the home has retained all its
elegance and splendour via lofty ceilings, sweeping verandas, charming decorative arches, casement-style sash windows, and walls of French doors that bathe the home in light, reflecting river views beyond,' the listing said.


The property also features 'Plush Champagne-hued carpets' and 'cobble-stoned remote garage to
accommodate six cars, abundant storage, gym area, double vanity
rain-shower bathroom and climate-controlled
wine cellar.'

Mr Holmes a Court is the chief executive of prize-winning wine label Vasse Felix and the brother of Peter Holmes à Court,
who once jointly owned of the South Sydney Rabbitohs
with Russell Crowe, and climate philanthropist Simon Holmes à Court.



Property ValuePerthWestern AustraliaProperty

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