▲ Up
 akipress
01:05 24-04-2018
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
akipress
Kazakh Government official buys Paris apartment for €65 million
Central Asia | society | 15:05, 14 November 2017 | 1783
Avenue Montaigne

AKIPRESS.COM - A Kazakh government official has snapped up a luxurious, high-security flat in Paris for €65 million (US$75.8 million)—making it one of the priciest residential transactions in the city this year, according to Mansion Global.

The multi-million-dollar apartment is located on the ultra-ritzy Avenue Montaigne in the Golden Triangle and is a minute’s walk to the Champs-Élysées. It traded hands in an off-market deal brokered by Ignace Meuwissen, a Belgian dealmaker whose Moscow-based real estate company represents sellers and buyers from Russia and the former Soviet states.

The seller, the head of a Russian investment company, had combined a half-dozen apartments in the building, Mr. Meuwissen told Mansion Global. The combined apartment overlooks the historic Plaza Athénée, a celebrity-riddled hotel where rooms go for as much as $20,000 per night.

The seller started shopping the home around as a whisper listing only three months ago for €75 million (US$87.5 million), Mr. Meuwissen added.

The 1,200-square-meter (12,900-square-foot) home has five bedrooms, five bathrooms, a spa and separate wing for the staff. But its selling point for the Kazakh administrator was its high-security amenities, including a 55-square-meter panic room, bulletproof windows and separate quarters for security staff.

“It is a very unique apartment,” Mr. Meuwissen said, adding that it’s unusual to find a French home with this level of protection.

The broker declined to name the seller and buyer, describing them only as a Kazakh government official and Russian investor. But he says the deal is the priciest residential transaction in the city so far this year, something Mansion Global could not independently verify.

Prime real estate in the City of Lights has boomed over the past year. Luxury home prices have shot up 11.3% in the past 12 months, according to global real estate brokerage Knight Frank, which defines prime residential as the top 5% of the housing market.

Prime prices in the city now average about €18,000 (US$21,000) per square meter, according to Knight Frank. This latest deal went for three times that.

LATEST NEWS
17:46 Kyrgyzstan's Darya Maslova wins Dushanbe semi-marathon17:25 Russia bars import of 27 tons of quarantined products from Kyrgyzstan and Kazakhstan17:22 Uzbek-Turkmen high level talks kick off in Tashkent17:18 Parliament members eye smartphone ban at school17:10 Tajikistan building largest aqua park in Central Asia16:49 Waste dump in Osh might cause serious health problems for Japalak villagers16:33 World Cup trophy arrives in Mongolia, President Battulga grabs it16:26 Paris attacks suspect gets 20-year sentence in Brussels trial16:23 Parliament of Tajikistan to discuss Tajik-Uzbek agreement on Farkhad HPP16:20 Turkmenistan citizens younger than 30 pulled off international flights16:18 Kazakhstan produces around 6,900 vehicles in Q1 201815:56 Migrants to receive training in camp to protect their rights, interests15:46 Children with disabilities in Jaiyl district receive wheelchairs from ex-president Atambayev's fund15:39 37 mln som needed for 10 km vehicle parapet on Bishkek—Naryn—Torugart road15:38 Sai village being cleared from mudslide15:30 22 fire drills held in public place of Chui region for 2 weeks15:27 470 million som annually required for payments to parents of 6,000 children with disabilities in Kyrgyzstan15:13 Mobile application launched for distance learning of teachers in Kyrgyzstan14:50 Kyrgyz Foreign Minister, head of International Liaison Department of Communist Party of China discuss interparliamentary ties14:47 Issyk-Kul rally: Villagers meet with Speaker of Parliament
© AKIpress News Agency - 2001-2018. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06