BILLIONAIRE KEN GRIFFIN PAYS RECORD $238M FOR MANHATTAN APARTMENT
A Manhattan apartment has just been sold for $238m (£183m) - the most expensive home ever sold in the US.
The property, in the luxury 220 Central Park South building, has four floors and - naturally - overlooks the famous New York park.
The buyer is billionaire Ken Griffin, founder of the hedge fund Citadel.
Mr Griffin, 50, also made headlines on Monday for buying another high-priced property - a $124m house near Buckingham Palace in London.
He already holds records for buying the most expensive apartments in Miami, which he bought for $60m in 2015, and in Chicago, which he spent almost $59m on last year.
The billionaire also owns three other luxury homes in Chicago, six in the Palm Beach area of Florida, and two homes in Hawaii.
Before he bought the Central Park flat, the most expensive home in the US was a house in East Hampton that was sold for $137m in 2014.
Apartments in 220 Central Park South seem to be selling relatively quickly, despite slumps in the luxury property market in New York.
In October last year, Vornado Realty Trust disclosed that the building was about 83% sold.
Tong Tong Zhao, the founder of a Shanghai-based hotel management company, has bought a two-bedroom flat on the building's 27th floor for $13.5m.
The musician Sting and his wife Trudie Styler are also reportedly buying an apartment in the building.
The 66-storey skyscraper was designed by the US architect Robert A M Stern, and is located on a street appropriately named Billionaire's Row.
MORE THAN 160,000 STILL FURLOUGHED AT END OF APRIL
More than 160,000 construction workers remained on furlough at the end of April, new figures have shown. Data released by the government this week showed that 166,600 roles in the sector were bei ...
CONSTRUCTION LEARNERS TO GET SITE SKILLS CARDS
Construction trainees will soon be given their own skills cards to help oversee work placements. The new Industry Placement Card will help support learners transitioning from the classroom into the ...
NUMBER OF FURLOUGHED CONSTRUCTION WORKERS FALLING FASTER THAN WIDER ECONOMY
Number of furloughed construction workers falling faster than wider economy Latest HMRC data shows size industry’s furloughed workforce shrank by 15% in March The numbe ...
WILL THEY COME BACK? WHY BRITISH CONSTRUCTION LOST ITS EASTERN EUROPEAN WORKFORCE
In recent weeks, a persistent rumour has been circulating about migrant workers in construction. The specifics differ, but the central premise is the same: ‘foreign workers have taken the govern ...
CONSTRUCTION OUTPUT GROWS BY 1.6% IN FEBRUARY
Construction output grew by 1.6% in February 2021, largely thanks to a 1.5% increase in new work and 1.9% increase in repair and maintenance, as the industry maintains its recovery The level of constr ...
IR35: RISHI SUNAK URGED TO AMEND ‘FLAWED’ OFF-PAYROLL RULES TO ENSURE SELF-EMPLOYED RIGHTS
IR35 LEGISLATION must be re-examined to correct the "fundamentally flawed" nature of how off-payroll rules operate, a group of MPs have said. IR35 changes kicked in this month, following a year of del ...