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As a tidal wave of cash flowed into London’s super-prime property market, the deal that saw a former Harrods car showroom in Chelsea change hands for £129 million generated barely a ripple of interest.
Like many a property in this gilded corner of our capital, the Edwardian brick building on Sloane Avenue was to be converted into 49 luxury flats, with a smattering of top-end shops beneath to cater for residents.
The buyer, an opaque company named 60 SA Limited and registered in the tax haven of Jersey, hoped to sell them for a total of £400 million and turn a handsome profit.
