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

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

    Published by Global Banking and Finance Review

    Posted on February 2, 2026

    2 min read

    Last updated: February 2, 2026

    London's luxury One Hyde Park wins UK lawsuit over $48 million repair bill - Finance news and analysis from Global Banking & Finance Review
    Tags:London Stock ExchangeReal estateproperty management

    Quick Summary

    One Hyde Park wins a $48 million lawsuit against Laing O'Rourke for faulty pipework, marking a significant victory for the luxury apartment complex.

    Table of Contents

    • Legal Victory for One Hyde Park
    • Background of the Lawsuit
    • Details of the Court Ruling
    • Implications for Residents

    One Hyde Park Triumphs in Lawsuit Against Construction Firm Over Repairs

    Legal Victory for One Hyde Park

    LONDON, Feb 2 (Reuters) - 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.

    Background of the Lawsuit

    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).

    Details of the Court Ruling

    Lawyers representing One Hyde Park Limited, which owns the freehold, said pipework in the properties became corroded because it was not properly installed.

    Implications for Residents

    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)

    (Reporting by Sam Tobin;Editing by Alison Williams)

    Key Takeaways

    • •One Hyde Park won a lawsuit for $48 million in repair costs.
    • •The lawsuit was against Laing O'Rourke for faulty pipework.
    • •The court ruled in favor of One Hyde Park due to contract breach.
    • •Repairs require tenants to move out in stages.
    • •The ruling is seen as a decisive victory for residents.

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

    1What is property management?

    Property management involves overseeing and managing real estate properties, including maintenance, tenant relations, and financial operations.

    2What is a construction defect?

    A construction defect refers to a flaw in the design, workmanship, or materials used in the construction of a building, which can lead to damages.

    3What is real estate?

    Real estate refers to land and any permanent structures on it, such as buildings, as well as the rights associated with owning that land.

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