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UK's First 'Super Prime' Rental Property Development

UK's First 'Super Prime' Rental Property Development

BY Realty Plus
Published - Saturday, 01 Jul, 2023
UK's First 'Super Prime' Rental Property Development

A new development of 33 luxury apartments has been completed in the heart of Knightsbridge, described as the first 'super prime' rental homes in London.

The project is part of a broader revitalisation effort by The Olayan Group, the long-term owner of The Knightsbridge Estate. The residences, ranging from one to four bedrooms and designed by Fletcher Priest and Taylor Howes, are situated within a five-minute walk from Hyde Park.

The apartments include a concierge service, a bespoke club room called the Orangery, and private courtyard gardens.  Prices start from £1,250 a week for a one-bedroom apartment, rising to over £9,000 a week for a four-bedroom residence.

The completion of Knightsbridge Gardens comes at a time when demand for super prime lettings in London is on the rise. Arya Salari, head of lettings at the Knightsbridge office of estate agent Knight Frank, said: “At these upper levels of the market, tenants are renting as a lifestyle choice. Renting gives them flexibility and freedom – freedom from running costs and service charges that contribute to facilities like residents’ spas, gyms and 24-hour concierge. Plus, it provides flexibility to relocate whenever suits them.”

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