Tuesday, August 16, 2011

$163.8 Million London Mansion “Heath Hall.” It is owned by Andreas Panayiotou, CEO of developer, The Ability Group

This 14-bedroom house was built in 1910 for sugar magnate William Park Lyle. It has been restored and extended. It is owned by Andreas Panayiotou, CEO of developer, The Ability Group. He was offered this estate as a development opportunity with planning permission for three new houses. However, he wanted to bring the property back to its former glory. The Grade II-listed property was formerly known as “East Weald” and is now called “Heath Hall.” Heath Hall is located on Bishops Avenue, Hampstead, a road in north London that contains many of the city’s most expensive houses. It is know locally as “Millionaire’s Row” or, more recently, as “Billionaire’s Row.” It was extended to include facilities such as an indoor swimming pool. There is now 27,000 square feet of living space. The grounds cover 2.5 acres and with formal Edwardian-style gardens, a tennis court,outdoor pool and parking for up to 40 cars in addition to the five-car garage. It is listed at a whopping$163,800,000.

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