London's luxury One Hyde Park wins UK lawsuit over $48 million repair bill

The manager of London's One Hyde Park apartment block, one of the world's most expensive addresses, on Monday won its ‌lawsuit against a British construction giant for just over 35 million pounds ($47.98 million) in pipework repairs.

The manager of London's One Hyde Park apartment block, one of the world's most expensive addresses, on Monday won its ‌lawsuit against a British construction giant for just over 35 million pounds ($47.98 million) in pipework repairs. One Hyde Park was developed by British brothers Christian and ⁠Nick Candy with Qatari businessman Sheikh Hamad bin Jassim bin Jaber Al-Thani. One apartment in the block is currently on sale for 175 million pounds ($240 million).

Lawyers representing One Hyde Park Limited, which owns the freehold, ​said pipework in the properties became corroded because it was not properly installed. The apartment complex ‍was designed and constructed by a subsidiary of Laing O'Rourke, Laing O'Rourke Construction South Limited, and completed in 2011.

Laing O'Rourke Construction South Limited denied that the pipework was in disrepair, but did not send representatives to defend the case at ⁠a ‌hearing last year. Laing ⁠O'Rourke did not immediately respond to a request for comment. One Hyde Park sued at London's High Court to cover ‍the cost of removing and replacing the majority of the pipework, which would require tenants to move out in ​stages while the work is carried out.

Judge Nerys Jefford ruled One Hyde Park was responsible ⁠for the repair of the pipework – which comprised 34.4 million pounds of the claim's value – and that it had corroded because ⁠Laing O'Rourke failed to properly install insulation, meaning it was in breach of contract and liable for remedial works. She also ruled in One Hyde Park's favour on the rest of ⁠its lawsuit, which a spokesperson for One Hyde Park described as "a decisive victory for all the residents at ⁠One Hyde Park".

"We ‌are committed to ensuring Laing O'Rourke is held fully accountable and makes full and fair payment for the construction defects it has been found responsible ⁠for," the spokesperson said in a statement. ($1 = 0.7295 pounds)

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