MARY-KATE and Ashley Olsen are selling their $7.3 million (GBP3.8 million) New York City apartment - even though they've never lived in it.

The 18-year-old twins, who both attend New York University, bought the 560 square-metre (6,000-square-foot) penthouse in Manhattan's trendy West Village before moving from Los Angeles to the Big Apple. Prior to moving in, they planned extensive renovations on the new apartment.

The twins's representative, MICHAEL PAGNOTTA, tells PEOPLE magazine, "It turned out to be too much space, along with the fact that the renovation was going to take far longer than anyone expected. It just didn't make sense anymore. Their needs changed in terms of their living situations.

"The school year is coming to the end and they might not be around to supervise the renovations and it just didn't make sense."

In January (05), the twin moguls decided to spend their second semester in their own individual digs. Mary-Kate moved out of the pair's three-bedroom Tribeca apartment and into a spacious loft in Soho. Ashley remained in Tribeca.

At the time, renovations to their penthouse were still being done, but the siblings still planned to move into the pad when it was completed. Now, it will be put on the market and sold in move-in condition, without renovations.

29/03/2005 21:07