The King Sturge Prime Central London residential valuation team was instructed to value an exclusive development of six luxury apartments in Kensington all of which have now been sold.

Developer Chester Row bought the two buildings at 5-6 Queen's Gate Place which had previously been split into 11 units and used by oil group Shell for corporate flats.

The Prime Central London team was instructed to undertake a valuation for loan security purposes on behalf of Bank of Ireland.

The scheme involved the full refurbishment of two adjoining buildings and was finished to a very high specification incorporating the following:

• Custom designed Italian units with stone worktops and Gaggenau appliances
• Villeroy & Boch bathroom fittings
• Wide plank oak engineered floors and limestone slab floors
• Air cooling system to principal rooms and underfloor heating to all main bathrooms
• Integrated audio visual system and integrated mood lighting system
• Passenger lift and day porter

An overseas buyer has paid in the region of £30 million for all six flats which equates to approximately £1,700 per ft². This represents strong money for the immediate area and a positive transaction for what is a difficult market, even for high end stock.