The manager of London’s One Hyde Park apartment block, one of the world’s most expensive addresses, on Monday won its lawsuit against a British construction giant for just over 35 million pounds ($48 million) in pipework repairs.
In the affluent Knightsbridge district, One Hyde Park was developed by British brothers Christian and Nick Candy with Qatari businessman Sheikh Hamad bin Jassim bin Jaber Al-Thani. One apartment in the block is currently on sale for 175 million pounds.
Lawyers representing One Hyde Park Limited, which owns the freehold, said pipework in the properties became corroded because