Ukraine’s richest man has set a record for property in Britain, spending $213 million on two London flats.

The flats cover 2,323 square metres across three floors of a luxury development overlooking Hyde Park, and have been bought by Rinat Akhmetov.

The oligarch plans to combine them to make a penthouse, including a further $93.6 million in interior improvements, according to the London Evening Standard.

Akhmetov, 44, controls the Ukraine’s System Capital Management steel and coal empire and is worth around £10billion.

Though the three-storey apartment in the luxury One Hyde Park residential complex was sold for 135.4 million pounds in 2007, the deal has only just been made public.

One Hyde Park has everything an oligarch could need, with cinema, pool, saunas and wine cellar.

The building reportedly still has 30 units available and a one bedroom can reportedly set you back $10 million.

London has become a playground for international businessmen and overseas investors looking for a safe-haven economy, leading to a boom in the prices of expensive homes.

Prices have risen 30 per cent since the post-credit crunch low in March 2009, according to estate agent Knight Frank.

Sources: Propgoluxury – inewsone – ft.com – eveningexpress