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Great Portland Sells Ranelagh House Penthouse

Great Portland Estates has sold its first apartment at its Ranelagh House development in London, SW3.

By Steve Killick | Updated on June 21, 2001

Great Portland Estates has sold its first apartment at its Ranelagh House development in London, SW3. The accommodation went for £1.25 million ($1.75 million) equating to around £1000 ($1,390) per sf.

The scheme is Great Portland’s first venture into the residential development market, being far better known for its portfolio of commercial property in prime London locations. The company bought the property, comprising 38 apartments, back in 1990 as part of a £100 million ($139 million) portfolio and has added a 12 apartment extension totalling 10,000 sf to the eaast and west wings of the building together with adding a new entrance and refurbishing the existing space.

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