Heiress with a taste for real estate revealed as buyer of Sting’s $50M pad

Musician listed the apartment at 15 CPW for $56M

Is anyone in Hong Kong more obsessed with U.S. real estate than Karen Lo? The beverage heiress with a penchant for striking big deals from California to New York was revealed as the buyer of Sting’s $50 million pad at 15 Central Park West.

According to the Wall Street Journal, Lo, whose family founded Vitasoy, used an LLC to purchase the four-bedroom, 5,400-square-foot unit last month. The two-story pad on the 16th and 17th floors has sweeping views of Central Park. It was listed for $56 million.

It’s a good return for Sting and his wife, who paid $26.98 million for the unit in 2008. The British rock legend made several refurbishments to the unit, including two spiral staircases.

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Lo has made several high-priced purchases over U.S. real estate in recent years. She is trying to flip a huge Chelsea condo for $36.5 million at $4,371 per foot in March. The 8,350-square-foot pad at 551 West 21st Street had previously been two units that she consolidated. Last year, she spent $69.9 million on a Malibu compound in Los Angeles.

Former Brown Harris Stevens agent Erin Boisson Aries — who’s now at Christie’s International Real Estate) — represented Lo in the transaction.  The Corcoran Group’s Deborah Kern had the listing.  [WSJ] — David Jeans

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Heiress with a taste for real estate revealed as buyer of Sting’s $50M pad

Musician listed the apartment at 15 CPW for $56M

Is anyone in Hong Kong more obsessed with U.S. real estate than Karen Lo? The beverage heiress with a penchant for striking big deals from California to New York was revealed as the buyer of Sting’s $50 million pad at 15 Central Park West.

According to the Wall Street Journal, Lo, whose family founded Vitasoy, used an LLC to purchase the four-bedroom, 5,400-square-foot unit last month. The two-story pad on the 16th and 17th floors has sweeping views of Central Park. It was listed for $56 million.

It’s a good return for Sting and his wife, who paid $26.98 million for the unit in 2008. The British rock legend made several refurbishments to the unit, including two spiral staircases.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Lo has made several high-priced purchases over U.S. real estate in recent years. She is trying to flip a huge Chelsea condo for $36.5 million at $4,371 per foot in March. The 8,350-square-foot pad at 551 West 21st Street had previously been two units that she consolidated. Last year, she spent $69.9 million on a Malibu compound in Los Angeles.

Former Brown Harris Stevens agent Erin Boisson Aries — who’s now at Christie’s International Real Estate) — represented Lo in the transaction.  The Corcoran Group’s Deborah Kern had the listing.  [WSJ] — David Jeans

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