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Luxury Real Estate News and Information - Christie's International Real Estate

Tuesday, April 24, 2012

Historic Hôtel Particulier de Miramion comes on the Market


Represented by Daniel Féau—Exclusive Affiliate for Christie's International Real Estate in Paris


After an extensive consultation, the public hospital system of Paris and its suburbs, or the Assistance Publique des Hôpitaux de Paris, chose Daniel Féau to exclusively manage the sale of the Hôtel de Miramion through a call for proposals. This magnificent private house, featuring 3,820 square meters of living space, is located at 45–53  quai de Tournelle in Paris’ Vth arrondissement and includes a basement, a ground floor, and four additional levels.


In the Days of the Bernardines

The land on which the Hôtel de Miramion stands was initially part of the "Clos de Chardonnet"—an area stretching from the Seine to the wooded plateau of Saint-Etienne du Mont, and bordered by the Bièvre. It was only after the Norman invasion that this zone was developed; consequently transforming the landscape. Monastic settlements were established, and the arrival of new parishes marked the beginning of urbanization. The first chapel Saint-Nicolas-du-Chardonnet was constructed around 1230 to accommodate the Seine’s boatmen. The Cisterian monk and Clairvaux abbot, Etienne de Lexington, was at the time convinced that the revival of the Church could only be achieved with adequate education; consequently, the idea arose to create a Parisian establishment for the religious men of his abbey. This vast complex was built in 1247 and comprised a college with an immense refectory on the ground floor, a parish church, and monastic buildings. The high-maintenance cost of the establishment led the monks to sell part of their plot in the late 15th Century. Eventually, development increased on the land throughout the 16th and 17th Centuries, with influential families taking opportunities to build private homes. Subsequently, the Hôtel de Nesmond, the Hôtel de Selve— housing the first president of the Parlement de Paris — and the Hôtel de Christophe Martin emerged.

In the Days of Christophe Martin

During the 17th Century, residents of the Quai de la Tournelle worked most often in finance and as managers of the King’s stables, where they controlled the market of cars, harnesses, and horses. These activities represented a substantial source of income. Christophe Martin, a cousin of the owners of the Hôtel de Selve and a renowned notable in the area, fully belonged to this social environment. In 1630, at the time state counselor, intendant, and general manager of the King’s stables,  Martin acquired a house built in the 16th Century. Upon purchase, he enlarged the home and ultimately transformed it into an aristocratic property. In order to expand his estate, Martin purchased and rented shares of the Bernardines land until obtaining close to one hectare. He transformed the quay’s dwelling, expanded the 16th-Century wing, and enlarged the Courtyard of Honor. At the back of the courtyard, he built a main dwelling, whose façade integrated round dormers and cow’s eyes. On the garden side, which is twice as large as the courtyard, the façade conveys a sense of monumentality. The order and décor of the buildings demonstrated the quest for style and resembled the Hôtel d’Aumont, which was built around the same epoch. This house is in fact, like the latter, attributed to François Mansart.

In 1675, a few years after the passing of Christophe Martin, Madame de Miramion acquired the Hôtel. Nicknamed "Mother of the Church" by Madame de Sévigné, and having experienced an early widowhood, the pious Madame de Miramion decided to dedicate herself to God, the poor, and to girls' education. In 1662, she established the community of the Sainte Famille, which was eventually merged with the Girls of Sainte Geneviève—founded 30 years earlier by Miss de Blosset. Madame de Miramion housed this new enlarged community in her recently acquired hôtel.

After the French Revolution

While initially spared by the secularization of Church property in 1789–1790, the community was eventually dissolved in 1794. The premises were gradually transformed into weaponry workshops, leaving space for workers' housing. In 1812, the General Council of Hospitals decided to transfer the Central Pharmacy of Hospitals—lodged since 1796 in the former "Hôpital des Enfants Trouvés"—to the Ile de la Cité. For approximately 150 years, the Central Pharmacy occupied the Hôtel de Miramion.
In 1926, the Miramion Hôtel was registered on the French Supplementary Historic Monument list with the Order of February 22, 1926. With the support of the Beaux-Arts Minister of the Daladier government, the façades on the courtyard and on the garden, as well as the painted beamed ceilings and the woodwork, received protection under the law for the preservation of Historic Monuments. The installation of the AP-HP Museum in 1934 was an important step for the promotion of this architectural ensemble.

Thursday, April 19, 2012

Christie’s Appoints Landscope Realty Limited as the First Real Estate Affiliate in Southeast Asia


Hong Kong–based Landscope joins Christie’s Network of Luxury Real Estate Specialists Offering Unparalleled International Exposure in 41 Countries
Hong Kong—Christie’s has announced today further growth and expansion in the Asia Pacific region, having entered into a Franchise Affiliate agreement with Landscope Realty Limited and Landscope Surveyors Limited. The company is the leading Hong Kong brokerage dedicated exclusively to the luxury residential markets. In operation since 1995, Landscope is renowned in the region for its high standards of professionalism, integrity and discretion, resulting in its long-term involvement in Hong Kong’s leading luxury residential transactions.
These qualifications make Landscope the Hong Kong brokerage of choice to join the Christie’s International Real Estate network of luxury specialists worldwide. The agreement was fully executed after 12 months of research, negotiations and due diligence.
“It is vitally important that we partner with a firm that fully appreciates the ultimate standards of professionalism and client care required in this high-performing region of the globe,” says Neil Palmer, Chief Executive Officer for Christie’s International Real Estate and a 16-year veteran of the Hong Kong real estate market. “The team at Landscope is well positioned to serve our ultra-high-net-worth clients as they seek advice and transactional expertise in a fast-moving environment. The breadth of Landscope’s professionalism is further enhanced by Landscope Surveyors, leading advisors on land planning and valuation within Hong Kong."
Landscope's arrival to the Christie’s International Real Estate network caps a remarkable period of growth for the company, with 13 new Affiliates—in the United States, Europe, Africa, Canada, the Caribbean, and now Hong Kong—signing in the past six months alone. Having accomplished the record-setting sale of a house on The Peak for US$93 million, Landscope joins such companies as Brown Harris Stevens in New York City, Hilton & Hyland Real Estate in Beverly Hills, and Belles demeures de France Fine Residences in Paris.
Whilst the network’s sales achievements set it apart, the synergy between Christie’s, the world’s leading art business, and its wholly owned real estate subsidiary, is a relationship no other network can offer. “There has always been a significant overlap between the art world and fine real estate. In the United States and Europe, Christie's has been assisting collectors with their property needs as part of our comprehensive approach to our services. With the launch of Landscope, this facility will now be available in Hong Kong as well, where our team looks forward to offering professional and discreet advice on luxury residential properties, in Asia and all over the world,” says François Curiel, President of Christie's Asia. 
“We are honored to have been chosen to join the Christie’s International Real Estate network,” says K.S. Koh, Managing Director of Landscope. “Our existing prime position in the Hong Kong market is further strengthened by the ability to offer a pre-qualified real estate specialist service on acquisition and disposal of luxury properties worldwide from within our network. We can now also refer them to our Christie’s colleagues for art advice, as our ultra-high-net-worth clientele has diverse investment interests. Additionally, we are eager to assist international clients looking to acquire real estate in and around Hong Kong. The association with Christie’s is an endorsement of our core values which include integrity, professionalism and discretion.
Mitch Lewis, Managing Director for Asia Pacific and responsible for this transaction, adds: "This announcement speaks to our strategic approach of not only establishing a corporate headquarters in Hong Kong to better service our Asia Pacific network, but also granting these rights to the most qualified companies, in this case Landscope in Hong Kong. This is a powerful combination that will create significant momentum for more affiliations in Asia Pacific. Landscope has been a ‘hold-out’ of sorts for many years, waiting for the right international network to brand its already impressive book of business in one of the most high-performing markets in the world.  We view it as a compliment that just as we appreciate the value of Landscope’s brand and reputation in Hong Kong, it fully values the sterling 240-year reputation that our brand has garnered worldwide.”

ABOUT LANDSCOPE
Established in 1995, Landscope is the market leader in the marketing and sale of luxury real estate in Hong Kong, having achieved record sales throughout its history. In 1997, the company closed on Hong Kong’s highest residential sale with the HK$728.88 million Black’s Link, The Peak. In 2000, the company made global headlines in establishing a world mark for an apartment transaction, brokering the sale of the largest purpose-built apartment for HK$162 million, The Penthouse, Aigburth, Mid-levels. The next year, Landscope brokered the lease of the second largest purpose-built apartment (The Penthouse, Tregunter III, Mid-levels). The professional services arm of Landscope, Landscope Surveyors, is the recognized expert in business disturbance and statutory compensation claims. It has been engaged in numerous claims representing the private sector and the government, with its expert opinions and methodology adopted by the courts in various precedent-setting legal cases.