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World's costliest flat sold for £200 million

The world's most expensive flat has been sold for £200 million in Monaco, despite mysterious murder of its previous owner in the main reception room.

Updated on: Sep 13, 2010 10:02 PM IST
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The world's most expensive flat has been sold for £200 million in Monaco, despite mysterious murder of its previous owner in the main reception room.

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The two-floor penthouse — which includes a double-height library and vast roof terraces complete with mature 15-foot trees and infinity pool —has now been snapped up on a 97-year lease at a staggering price of £199 million pounds by an unnamed Middle Eastern investor, thought to be an Arab sheikh, the Daily Mail reported.

Besides having a highly-secured panic room with reinforced glass and surveillance cameras, the swanky house has other hi-tech facilities such as cinema screens which emerge from walls at the touch of a button, and numerous walk-in wardrobes and dressing rooms.

It has a leisure room equipped with billiard tables and arcade video games, Jacuzzi and spa, as well as a media room with special executive chairs which can convert into beds in case of over-work. Property developers Christian and Nick Candy are thought to have made a profit of at least £190 million from La Belle Epoque penthouse in Monaco, on the French Riviera.

They bought the 17,500 sq ft three-bedroom flat from Englishwoman Lily Safra in the early 2000s, soon after her banker husband Edmond infamously died in a fire inside the property. It cost a mere £10 million that time.

Maher spent five years in prison — raising speculation that he was a "patsy" set up to take responsibility for the crime by powerful interests who were really responsible.

Whatever the truth, it enabled Christian Candy, 36, and his brother Nick, 37, to make a fortune out of the then blighted flat.

Safra, who inherited her husband's £3-billion fortune thanks to him cutting his two brothers out of his will two months before his death, was happy to offload it for less than £10 million.

 
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