Brief by Shorts91 Newsdesk / 11:57am on 12 Dec 2023,Tuesday Business
Serum Institute of India CEO Adar Poonawalla has reportedly bought a massive $138 million mansion in London's posh Mayfair area near Hyde Park. The 25,000 sq ft Aberconway House, built in the 1920s, is set to become the UK's most expensive home sale this year. The property will be acquired by Serum Life Sciences, the Poonawalla family's UK subsidiary. While the family has no plans to permanently move to UK, the mansion will serve as a base during their visits. The record deal highlights the resilience of London's luxury real estate market despite economic headwinds. It caps a meteoric rise for Adar Poonawalla who gained immense global prominence for Serum Institute's role in supplying Covid vaccines during the pandemic.
