A hedge fund founder is nearing a deal to buy a penthouse at the luxury One Hyde Park development in central London for £110m.
Suneil Setiya, co-founder of Quadrature Capital, is understood to be close to buying the property from Hasan Ismaik, former chief executive of Arabtec Holding, a Dubai-based construction firm that entered liquidation last year.
It will cost an estimated further £30m to fit out the penthouse, which is in a shell form without a kitchen or bathrooms installed.
