London's Knightsbridge mansion sells for just under its price

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London's Knightsbridge mansion sells for just under its price

A lavish mansion in London's wealthy Knightsbridge sold for just under its asking price of 19.75 million US $24.2 million, according to representatives for Beauchamp Estates, who had the listing.

The five-bedroom, 6,504 square foot mansion is located a stone's throw from department store Harrods in Cadogan Gardens, just off Cadogan Square, previously reported by the Daily Mail to be one of the most expensive streets in the U.K.

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Since the beginning of 2022, there have been a wave of deals for prime London homes priced above 10 million with the lion s share of deals done in the 15 million to 25 million price bracket, said Beauchamp Estates managing director Jeremy Gee in an emailed statement. This year, especially as international buyers have started to return to the capital, the top five locations for super-prime deals are Knightsbridge, St John's Wood, Kensington, Belgravia and Chelsea. The traditional neighborhoods of the super-rich are again the locations for the majority of top end deals. The Hariri family, billionaires known for producing multiple generations of prime ministers in Lebanon, were the sellers on the deal. The Hariris purchased the home in 2014 for over 15 million dollars, according to representatives for Beauchamp Estates, and was not available for comment.

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The interiors of the home were redone by French interior designer Alberto Pinto, with details including grand entertaining rooms, tall ceilings and windows, and numerous fireplaces, according to listing photos. The property overlooks the neighborhood's landscaped communal gardens.

The buyer, who could not be identified, was a Lebanese billionaire who wanted a Knightsbridge home close to Harrods, according to a news release from Beauchamp Estates.

The new owners of Beauchamp Estates will be able to experience the very best of London living like the Hariri family, according to Gary Hersham, founding director of Beauchamp Estates. The deal was closed last week, and the first property came on the market in November 2021.