Nearly US$3 trillion of the world’s private wealth is held in owner-occupied residential properties, a value greater than the GDP of India, a new report by Wealth-X and the Sotheby’s International Realty® brand released today showed. There are 211,275 ultra high net worth (UHNW) individuals – defined as those with US$30 million and above in net assets – in the world and 79% of them own two or more residences. Some of the main hubs for luxury residential real estate…
Similar to the Gherkin skyscraper with its outrageous construction costs, the Walbrook has been put on the market. The revolutionary building, distinguished by its striking glass façade, boasts a notable position in London’s skyline. The innovative design was skillfully devised by a team of prestigious architects from the British studio Foster and Partners. In 2011 it was purchased for 250 million euro by the property investment firm Delancey, who now intends on reselling the high-end London property for triple its…
The plans for a new skyscraper to be built in Manhattan indicate something truly special, beyond the standard trend of record breaking heights. The project is called the Edgar Street Towers and will soon tower over Greenwich and Washington streets, nearby the famous Fifth Avenue in Manhattan. It was designed by Iwamoto Scott Architecture, who are collaborating with some of the leaders in modern building such as Beyer Blinder Belle, ARO, DeWitt Godfrey, Transsolar Climate Engineering and others in the…
