A billionaire from India known as the ‘vaccine prince’ has agreed to pay around £138m for a mansion in Mayfair mansion, becoming London’s most expensive home sale of the year.
Adar Poonawalla reached a deal with Dominika Kulczyk, daughter of Poland ‘s richest man, Jan Kulczyk, to purchase Aberconway House – a 25,000 square foot home from the 1920’s near Hyde Park.
The price tag makes the property the second-most expensive home ever sold in London and the biggest deal of the year.
The property will be acquired by Serum Life Sciences, a UK subsidiary of the Poonawalla family’s Serum Institute of India, people familiar with the transaction said.
The next largest sale of 2023, according to reports, was the £113m acquisition of Hanover Lodge. Essar Group billionaire Ravi Ruia’s family office bought the mansion in Regent’s Park, which had been linked to Russian property investor Andrey Goncharenko.
The capital’s most expensive house sale was 2-8a Rutland Gate, sold in January 2020 by the estate of the former Saudi Arabian crown prince Sultan bin Abdulaziz for a record-breaking £210m to Hui Ka Yan, the founder and chair of Evergrande.
According to the Financial Times, the Poonawalla family have ‘no plans’ to move to the UK permanently, but that ‘the house will serve as a base for the company and family when they are in the UK’.
Since its not going to be occupied full time, if Mr Poonawalla would like to look at some short term rental options, do reach out to me. I’d normally charge 15%+vat monthly, but we’ll do it for 13%+vat if we can put a “to let” board up outside.
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Damn!!! I forgot to get the terms signed
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Apparently Strike sold it for free.
Ah commisery
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