Historic London Mansion Sold for £139m in Major Property Deal

A 40-bedroom mansion located in Regent’s Park, once owned by the Saudi royal family, has been sold for approximately £139 million, making it one of the most significant property transactions in London’s history. The iconic residence, known as The Holme, was originally listed nearly two years ago with an asking price of £250 million, but the final sale price fell significantly short of these initial expectations.

Built in 1818, the sprawling estate spans 2,694 square meters (29,000 square feet) and is surrounded by 1.6 hectares (4 acres) of meticulously landscaped gardens. Situated near the park’s boating lake and in proximity to landmarks such as London Zoo and Winfield House, the mansion is widely regarded as a prime example of classic British architecture. The property was purchased by a UK subsidiary of Zedra, a global firm specializing in corporate services and wealth management for high-net-worth individuals, according to land records. However, the ultimate owner’s identity remains undisclosed.

Previously held by Prince Khaled bin Sultan al-Saud, the estate was bought on his behalf in 1991. It was put on the market after a loan secured against the property expired. Despite its historical and architectural significance, the property’s sale price has drawn comparisons to other high-profile transactions, including the £138 million sale of Aberconway House in Mayfair to Indian billionaire Adar Poonawalla in late 2023.

The company now listed as the owner of The Holme is controlled by a Zedra entity based in Luxembourg, as revealed by corporate filings. This raises questions about the transparency of property ownership in the UK, particularly concerning offshore companies. While a register of overseas entities was introduced to enhance clarity regarding the ownership of UK properties, critics argue that the use of offshore trusts can obscure the identities of beneficial owners.

The Holme’s name is derived from a Saxon term meaning “a small island or raised land in water,” and its history is tied to the Crown Estate, which manages a portfolio of land and property across England and Wales on behalf of the monarch. Despite being part of the Crown Estate, the property has been made available for purchase through a long-term lease.

Described as “possibly the world’s most expensive home” when it was listed for £30 million in 1988, the mansion has maintained its reputation as one of London’s most sought-after residences. While its architectural grandeur remains intact, the sale highlights ongoing debates about transparency and accountability in the UK’s luxury property market.

Neither Zedra nor the involved parties have provided comments regarding the transaction. With growing scrutiny over offshore ownership and the broader implications of such high-profile sales, The Holme’s new chapter adds yet another layer to London’s complex real estate landscape.