SF Gate – An office building on the London square with the world’s most expensive commercial rents will be converted into a nine-bedroom mansion as demand from international buyers drives luxury-home values to record highs.
No. 7 St. James’s Square, designed more than a century ago then converted to offices, could sell for more than 50 million pounds ($78 million) after its renovation, according to Richard Barber, a partner at prime real estate broker W.A. Ellis LLP. The building’s owner, Dublin-based Green Property Ltd., plans to spend about 14 million pounds to convert No. 7, adding amenities like a garden, swimming pool and spa.
