The talk of Hyde Park Barracks being turned into one of London’s hottest luxury flats has been going on for years.
Now, property tycoon Sir Stuart Lipton is believed to be vying to take on the project.
For those of you who don’t know Hyde Park Barracks is the historic home of the Queen’s Household Cavalry regiments.
The tycoon, who spearheaded iconic London buildings like Broadgate Circle in the City, is said to have Malaysian investors backing him.
According to the Daily Telegraph, the Ministry of Defence (MoD) is keen for Sir Stuart to head the project.
However, a source told the paper that the project was “nowhere near ready to go to tender”.
Take a look at other people rumoured to be interested in the project:
1. Christian Candy
In 2012, Christian Candy, one half of the Candy & Candy duo of brothers and the developer of One Hyde Park, is known to have approached the MoD to purchase Hyde Park Barracks.
At the time, it was reported that the deal could raise up to £600m for the government.
2. Consortium of British architects Dixon Jones
Dixon Jones is said to have backing from the Investment Corporation of Dubai, a sovereign wealth fund from the Gulf emirate, to redevelop Chelsea Barracks.
3. SD&B – a team of British architects and property financiers
SD&B reportedly has rich Chinese investors and an Abu Dhabi sovereign wealth fund backing them to lead the project. Ex-banker Bruce Rippon and Quinlan Terry, the architect of the waterfront redevelopment at Richmond-upon-Thames, are set to be working together to put in a bid.