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Vault for billionaires opens on Park Lane

A new development on Park Lane is opening its (heavily reinforced) doors next week, with rents at £2.5m a year. For a room.

But this isn’t a luxury pad for billionaire playboys – its for their bling.

International Bank Vaults have set up their new piggy bank for billionaires in the grade-II listed Stanhope House, next to the Dorchester Hotel, with an aim to be the most exclusive – i.e., expensive – deposit boxes in the world. It has stated that it will only deal with provable billionaires.

For those billionaires too stingy to shell out £2.5m for a room, the smallest safety deposit box is about the size of a shoe box and costs just £600-a-year. Enough room for “a fair few gold bars”, according to managing director Sean Hoey.

The Guardian

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