Britain's property market might be stuck in the doldrums, but plans are under way to build the world's most expensive flat in central London.
Developers have received planning permission to convert a seven-storey 1930s office block in exclusive St James' Square into six flats, with the best apartment set to fetch between £115 million ($225m) and £120 million ($235m).
A source close to the deal told the Sunday Times newspaper the identity of the buyer remained a mystery. "The price has been agreed," the source said. "It is between £115 million and £120 million."
Only basic details of the flat's design have been revealed so far, including plans for large solar panels on the roof, a car lift to take vehicles to the basement parking area and cycle racks.