Rinat Akhmetov, Ukraine's richest businessman, has acquired a luxurious five-level apartment in Monaco for $554 million. This deal could become one of the largest individual residential property sales in the world. This was reported by Bloomberg, according to UNN.
Details
The property in question is a 21-room residence on the coast in the Mareterra district – a new quarter of the principality built on reclaimed land. The district was opened in 2024 with the participation of Prince Albert II and has already become popular among ultra-wealthy investors.
The apartment is located in the flagship Le Renzo building and occupies approximately 2,500 square meters, excluding balconies and terraces with views of the Mediterranean Sea. The residence features a private pool, a jacuzzi, and at least eight parking spaces.
According to the publication, the deal was finalized in 2024. The information is contained in Monaco's real estate registries, as well as in a trove of emails and preliminary ownership documents.
Akhmetov's holding company, SCM, confirmed the investment in this project but declined to comment on the details regarding the specific property and its value.
SCM's international investment portfolio has included a separate portfolio of premium real estate for over ten years. Among its assets is the Le Renzo project, in which we invested in the primary market in 2021.
Bloomberg notes that the stated amount exceeds other known record deals in the housing market, including the sale of an estate in London for more than $350 million and a penthouse in New York for approximately $240 million.
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