{"id":754224,"date":"2026-02-10T04:53:18","date_gmt":"2026-02-10T04:53:18","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/754224\/"},"modified":"2026-02-10T04:53:18","modified_gmt":"2026-02-10T04:53:18","slug":"inside-the-82-million-london-penthouse-igor-babuschkin-says-he-isnt-buying","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/754224\/","title":{"rendered":"Inside the $82 Million London Penthouse Igor Babuschkin Says He Isn\u2019t Buying"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">London\u2019s trophy-home market briefly appeared poised for a new benchmark after reports surfaced that Igor Babuschkin, the billionaire co-founder of Elon Musk\u2019s artificial intelligence firm xAI, was preparing to purchase a penthouse overlooking Hyde Park for about \u00a360 million (about $82 million).<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The reports gained traction after multiple outlets identified Babuschkin as the prospective buyer, but the entrepreneur has since\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-06\/musk-s-xai-co-founder-babuschkin-to-buy-57-million-london-home\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:shut down the speculation;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">shut down the speculation<\/a>. In an emailed statement to Bloomberg, Babuschkin said he is \u201cnot planning to purchase any property in the UK,\u201d either personally or through an entity.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><strong>More from Robb Report<\/strong><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Developer Fenton Whelan confirmed the marquee penthouse is in contract to be sold but declined to identify the buyer. \u201cFenton Whelan never comments on the identities or details of any transaction with private individuals,\u201d said co-founding director Sanjay Sharma. The agreement makes it the first \u00a350-plus residential real estate deal since 2024.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a href=\"https:\/\/finance.yahoo.com\/news\/129-million-unfinished-apartment-just-000000715.html\" data-ylk=\"slk:RELATED: This $129 Million Unfinished Apartment Just Became Lower Manhattan\u2019s Biggest Deal Ever;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\"><strong>RELATED: <\/strong>This $129 Million Unfinished Apartment Just Became Lower Manhattan\u2019s Biggest Deal Ever<\/a><\/p>\n<p><img alt=\"park modern london penthouse sold\" loading=\"lazy\" width=\"960\" height=\"634\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/02\/863c4a3930662399df63fb9182c913bf.jpeg\"\/><\/p>\n<p>park modern london penthouse sold<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The sprawling penthouse sits atop the nine-story Park Modern, a \u00a3530 million ($680 million) luxury development on Bayswater Road at the edge of the park. Designed by Lee Polisano of\u00a0<a href=\"https:\/\/plparchitecture.com\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:PLP Architecture;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">PLP Architecture<\/a>, the boutique building contains just 55 apartments and pairs sweeping green views with an amenity package closer to that of a five-star hotel than a traditional residential address.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The roughly 6,800-square-foot residence,\u00a0<a href=\"https:\/\/www.yahoo.com\/lifestyle\/77-million-penthouse-hovers-above-203000560.html\" data-ylk=\"slk:first put on the market;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">first put on the market<\/a>\u00a0in August 2024 with an asking price of $76.5 million, includes eight ensuite bedrooms and opens onto a 2,400-square-foot wraparound terrace\u2014among the largest private outdoor spaces in Central London\u2014with uninterrupted views across Hyde Park.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Inside, a sunlit great room lined with floor-to-ceiling glazing spills onto the terrace, anchored by a sculptural marble fireplace and custom bar. Interiors also include a family kitchen, a professional catering kitchen, a formal dining space for 20, and a curved glass primary suite.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a href=\"https:\/\/www.yahoo.com\/lifestyle\/articles\/inside-sumptuous-7-story-home-190000146.html\" data-ylk=\"slk:RELATED: Inside a Sumptuous 7-Story Home in London\u2019s Luxe Knightsbridge Neighborhood;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\"><strong>RELATED: <\/strong>Inside a Sumptuous 7-Story Home in London\u2019s Luxe Knightsbridge Neighborhood<\/a><\/p>\n<p><img alt=\"park modern london penthouse sold\" loading=\"lazy\" width=\"960\" height=\"567\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/02\/3ae293d9999aa77de097a9f0b5f186ab.jpeg\"\/><\/p>\n<p>park modern london penthouse sold<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Only a handful of residences remain available at the Park Modern, where prices range from about \u00a31.8 million ($2.5 million) to \u00a342 million ($57 million). Residents have access to a 24-hour uniformed concierge, valet parking, a private cinema, spa facilities, and a sleek fitness center anchored by an 82-foot swimming pool complete with a vitality pool, sauna, and steam rooms. The building is also home to The Park, an 8,600-square-foot grand caf\u00e9 from noted London restaurateur Jeremy King.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Though the penthouse is set to trade at a price that bodes well for London\u2019s ultraluxury market in the coming year, the buyer\u2019s mistakenly reported identity is a reminder that in the rarefied world of trophy homes, tongue-wagging speculation often travels faster than a signed contract.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><strong>Click <a href=\"https:\/\/www.yahoo.com\/lifestyle\/park-modern-marquee-penthouse-photos-202547003.html\" data-ylk=\"slk:here;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">here <\/a>to see more photos of the record-setting London apartment.<\/strong><\/p>\n<p><a data-ylk=\"ct:story;elm:img;itc:0;\" class=\"stretched-box\" href=\"https:\/\/www.yahoo.com\/lifestyle\/park-modern-marquee-penthouse-photos-202547003.html\" rel=\"nofollow noopener\" target=\"_blank\"><img alt=\"park modern london penthouse sold\" loading=\"lazy\" width=\"960\" height=\"540\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/02\/d0dd6e439b8c8d105d18198e710527e7.jpeg\"\/><\/a><\/p>\n<p>park modern london penthouse sold<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><strong>Best of Robb Report<\/strong><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Sign up for <a href=\"https:\/\/cloud.email.robbreport.com\/signup\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:RobbReports&#039;s Newsletter;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">RobbReports&#8217;s Newsletter<\/a>. For the latest news, follow us on <a href=\"http:\/\/bit.ly\/31XsHSx\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Facebook;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Facebook<\/a>, <a href=\"http:\/\/bit.ly\/2TkcoeG\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Twitter;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Twitter<\/a>, and <a href=\"http:\/\/bit.ly\/2TntOHq\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Instagram;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Instagram<\/a>.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a href=\"https:\/\/robbreport.com\/shelter\/homes-for-sale\/igor-babuschkin-london-penthouse-1237559201\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Click here to read the full article.;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Click here to read the full article. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"London\u2019s trophy-home market briefly appeared poised for a new benchmark after reports surfaced that Igor Babuschkin, the billionaire&hellip;\n","protected":false},"author":2,"featured_media":754225,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[7757],"tags":[1942,748,393,222164,4884,18099,222163,257,222166,222165,68868,16,15],"class_list":["post-754224","post","type-post","status-publish","format-standard","has-post-thumbnail","category-london","tag-artificial-intelligence","tag-britain","tag-england","tag-fenton-whelan","tag-great-britain","tag-hyde-park","tag-igor-babuschkin","tag-london","tag-park-modern","tag-prospective-buyer","tag-robb-report","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116044549695234113","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/754224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=754224"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/754224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/754225"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=754224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=754224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=754224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}