Mayfair Majesty: London's Record-Breaking £138m Mansion Sale
Published by Magnate Assets on
Dec 1, 2023
In a jaw-dropping real estate move, Adar Poonawalla dubbed the 'vaccine prince' in India, has set a new benchmark in London's property market. With a cool £138 million, he secured the keys to Aberconway House, a stately mansion near Hyde Park, marking the capital's most expensive home sale this year.
This 25,000-square-foot gem from the 1920s now belongs to Serum Life Sciences, a UK subsidiary of the Poonawalla family's esteemed Serum Institute of India. The seller? Dominika Kulczyk, daughter of Poland's wealthiest man, Jan Kulczyk, adds a touch of international flair to this extravagant deal.
Aberconway House's price tag solidifies its position as the second-most expensive home ever sold in London and steals the limelight as the premier property deal of the year. A true testament to luxury living, the mansion stands tall as a piece of architectural history in the heart of Mayfair.
This acquisition eclipses the competition, with the second-largest sale of the year—the £113 million Hanover Lodge—fading in comparison. The Regent's Park mansion, now owned by Essar Group billionaire Ravi Ruia's family office, was previously linked to Russian property investor Andrey Goncharenko.
London's real estate landscape has seen its fair share of record-breaking deals, with the capital's most expensive house sale being the £210 million transaction for 2-8a Rutland Gate in January 2020. Sold by the estate of former Saudi Arabian crown prince Sultan bin Abdulaziz, it found a new owner in Hui Ka Yan, the founder and chair of Evergrande.
Intriguingly, the Poonawalla family has no plans for a permanent relocation to the UK. Instead, Aberconway House will be a distinguished base for both business and family whenever they grace the UK with their presence. As the grand doors of Aberconway House open to this new chapter, it cements its status as an iconic player in London's real estate narrative. A mansion not just bought but woven into the tapestry of Mayfair's illustrious history.