Real Estate

Kanye West backs out of Miami apartment bought for Kim Kardashian

Written by The ReReport
As seen in the Source link, written by news.com.au on 2019-02-11 22:52:27

Talk about buyer’s remorse. After what appears to be some serious post-purchase rationalisation, Kanye West has backed out of the acquisition of a lavish Miami penthouse that was intended as a Christmas gift for his wife, Kim.

According to the New York Post, West has pulled out of the $14 million ($A20 million) purchase of the penthouse apartment he bought for Kim and now the property is back on the market.

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Page Six reported in December that West “saw the property during Art Basel … and bought it as a Christmas present for Kim. It was a complete surprise for her,” according to a source.

The luxe pad was in Miami’s gleaming so-called “billionaire beach bunker,” aka the 18-storey Faena House, designed by Norman Foster.

But now it seems West is flipping the script.

Sources told Page Six that Kardashian wasn’t so happy about the expensive surprise and has told Kanye to pull out of the purchase, which means he’ll merely lose his deposit, apparently about $600,000 ($A800,000).

But we hear that West has blamed reversing his decision on “leaks” surrounding the sale.

Insiders insist that West can’t logically blame “leaks” — since he did, after all, turn up to buy the place with paparazzi following him and an entourage and film crew in tow, which even shot footage of the rapper on the property’s oceanfront balcony as he sealed the real-estate deal.

But a rep for West commented: “None of those reasons mentioned [for pulling out of the purchase] are true. When Kim and Kanye went to Miami to view the condo together after Christmas, Kim loved it, but felt it was not private enough for them. They are now looking for a vacation home that is more secluded and offers much more privacy for their family.”

This story first appeared in the New York Post and is republished with permission.