The ink on the release about the most expensive newly-built home sold in Britain (see below) was hardly dry when the news came out of London that the $70 million sale had been trumped by an even bigger sale -- $100 million dollars for Toprak Mansion located on Bishop's Avenue, a mile long strip which is home to Britain's uber rich.
Any $100 million dollar transaction is interesting, this one especially so. The home was purchased by a 75-year old female billionaire from Kazakhstan, Horelma Peraman, who plans to rename the house Royal Mansion and spend another $60 million adding on and revamping. The seller was a Turkish businessman who built the home, but never lived there. On the market for several years, the price rose from $60 million to $100 million as the English home market soared. Neighbors include the Sultan of Brunei, King Fahd of Saudi Arabia, and Lakshmi Mittal (Britain's wealthiest man).
Perhaps most interesting to real estate professionals, the same estate agent, Trevor Abrahamson, Managing Director of Glentree Estates, sold both properties. You're our hero, Mr. Abrahamson!
