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  1. Wealth
June 2, 2010

FT: Halabi’s property being sold off

By Spear's

One of the most exclusive addresses in London has been put on sale for more than £150m after receivers took control of a 1.3-acre site on Piccadilly owned by the family trusts advised by Simon Halabi, the property mogul.

One of the most exclusive addresses in London has been put on sale for more than £150m after receivers took control of a 1.3-acre site on Piccadilly owned by the family trusts advised by Simon Halabi, the property mogul.

The buildings were once at the centre of plans by Mr Halabi to create the UK’s most exclusive six-star hotel and club .

Allsop and Jones Lang LaSalle have been appointed to sell the Piccadilly estate, in the latest sign of distress among property owners that has followed the widespread fall in values.

The property includes the Grade I-listed former home of one of London’s oldest clubs, the In and Out Club, overlooking Green Park at 100 Piccadilly.

To read the full story, visit ft.com

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