Camilla Kim, middle daughter of a businessman Vladimir Kim, purchased an entire building in Mayfair, one of the most expensive areas of London. According to documents, this purchase cost her £10 million (5.6 billion tenge).
The office building with a useful area of about 430 m² is officially owned by Sovereign Hospitality Private Ltd. The transaction was completed on January 19, 2022, and for the first few months another company, London West Property Ltd, was listed as the buyer. At the same time, the sole owner of London West Property Ltd. was Camilla Kim herself. On March 27, 2023, Vladimir Kim’s daughter became the direct owner of Sovereign Hospitality Private Ltd.
The building is located at 6 Queen Street. The office center is located in the historically protected area of Mayfair – the business center of London, where many residential buildings have been converted into commercial real estate. The area is home to the headquarters of many large corporations, hedge funds and embassies. Mayfair has the highest concentration of five-star hotels in London.
The house itself is also listed as a historical landmark and is protected by law. The building was built in 1780, but shortly before the sale it underwent a complete reconstruction into category A offices. The house has six floors (including underground), and there is a private terrace on the roof.
In one of advertisements for sale it is said that the property, subject to obtaining the appropriate permits, can be converted from commercial to residential real estate.
Surprisingly, an entire house in London, albeit converted into offices, officially cost Camilla Kim much less than her apartments in the British capital. “Exit to the Sea” has already been told about how Camilla Kim received two apartments on the fifth floor of The Knightsbridge Apartments, which is located in the Knightsbridge area of London, for her 18th birthday. Two objects with a total area of about 300 m² cost the girl £14 million.
But this figure is relatively modest, because the same Camilla Kim owns an apartment in the residence One Hyde Park – in a house that is called the most expensive in the world per square meter. Housing in an elite residence cost her £27.5 million in 2017.
Purchasing business real estate for relatives is a reasonable strategy in the case of Vladimir Kim. Recently, one of his companies, the gold mining company Baimskaya, operating in Chukotka in Russia (*country sponsor of terrorism), came under American sanctions.
In Great Britain itself, Vladimir Kim ended up in “list of kleptocrats” Labor's Margaret Hodge. For a long time, this list lay without movement, since the Conservative government was in power. But the country holds elections on July 4, with Labor predicted to take a historic majority in Parliament.
“As you approach, you notice that you are being scanned by security guards in bowler hats, who look like the team in charge of guarding a military base, not an apartment building in central London,” an anonymous Business Insider writer described the building.
The same author emphasized that this building is “a manifestation of a class that considers itself separated from the rest of society and is happy to live in isolation from it.”
Camilla Kim registered ownership of an apartment in this complex in June 2017. In addition to the housing itself, the property also includes a parking space and a wine cellar – these are separate premises on the underground levels. The apartment is located on the third floor of building B.
The cost of this property is £27.5 million. As in the case of the first apartment, Access to the Sea does not have specific parameters of the apartment, and can only be compared with similar-priced properties for sale.
Even one-room apartments in this house have an area of about 100 m². Three- and four-bedroom apartments are selling for £16 million to £28 million.
Here is the plan of the apartment on the third floor in building D: four bedrooms (each equipped with its own bathroom and toilet), kitchen, dining room, living room of almost 60 m² and a terrace. The total area of such an apartment is almost 365 m².
But that is not all. In addition to a 21-metre swimming pool, private spa, saunas, squash court and cinema, residents also benefit from 24-hour staff at the nearby Mandarin Oriental Hotel.
This brings the total value of the three properties to £41.5 million, or about $58 million.