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Accountant Sues Developers Over Luxury London Flat Missing Promised Features

Mi Suk Park claims her £1.5 million 'Versace-designed' apartment was materially different from the agreed plans, while developers counter that the discrepancies fall within contractual terms.

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She sold her previous residence in 2019 to fund the purchase.
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The 50-storey Aykon London One

Overview

  • Mi Suk Park is suing Nine Elms Property Ltd for over £700,000, alleging her luxury flat deviated from the promised layout and features, including a missing bathtub, smaller bedroom, and intrusive utility cupboard.
  • The apartment, part of the Aykon London One 'Versace Tower,' was delayed by two years, forcing Ms. Park to sell her previous home in 2019 and incur additional financial losses.
  • Nine Elms Property Ltd argues that marketing materials were illustrative and claims Ms. Park forfeited her £381,000 deposit by failing to complete the purchase.
  • Ms. Park asserts that the deviations constitute 'irredeemable breaches' of the purchase contract and has included five years of rent and other losses in her compensation claim.
  • The ongoing case, being heard in Central London County Court, underscores broader issues of developer accountability, buyer expectations, and the risks of off-plan property purchases.