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Business News

Rush for Regal's £12m mansion

City bankers, Indian business moguls and a celebrity or two are among potential buyers already chasing the £12.5m Kelly Hoppen-styled mansion at London's exclusive 100 Clifton Hill which is being put on the market this week by developer Regal Homes.

The three-storey mansion, in St John's Wood conservation area, has been renovated by Regal together with Hoppen and comes finished with every luxury – from chandeliers to a £300,000, floating, black-oiled, oak staircase – and neighbours ranging from Kate Moss to photographer Mary McCartney down the road.

Paul Eden, Regal's managing director, said: "There's no doubt about it, the bankers are coming back. We've had a lot of interest from City boys who don't seem to be short of money." Clifton Hill is just one of a £50m portfolio of high-end properties which have been developed by Regal and are ready to go on the market. Mr Eden, who pulled plans to list his privately-owned property company just before the crash, added: "We can see light at the end of the tunnel in this third-quarter."