Adar Poonawalla, CEO of Serum Institute of India's (SII), which makes the Covishield vaccine, has closed a deal to buy the most expensive home to be sold in London this year.
The 42-year old Indian billionaire will pay £138 million for the nearly a century old Aberconway House near Hyde Park, according to reports.
CNBC-TV18 has independently confirmed the deal. "It is a company guest house which is useful for hosting events donors tech partners and it has helped serum group in accessing global opportunities that were not possible to do from India," sources said.
The property will be acquired by Serum Life Sciences, a UK subsidiary of the Poonawalla family’s Serum Institute of India. This deal will make Aberconway House the second-most expensive home ever sold in London.
The priciest residential transaction in London occurred in January 2020 when 2-8a Rutland Gate was sold for a record-breaking £210 million. Originally, attributed to the estate of the former Saudi Arabian crown prince Sultan bin Abdulaziz, recent revelations disclosed that the actual buyer was Hui Ka Yan, the founder and chair of Evergrande.
(Edited by : Sriram Iyer)
First Published: Dec 12, 2023 1:36 PM IST
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