I think the OP has requested some ball park figures on cost rather than advice on make/model..
Well, on that note, I logged onto our Dell premier page for the hell of it and knocked up a spec for a SAN based on their MD3200i chassis. Many people will tell you that the PowerVault range aren't true SANS, and Equallogic are the ones to go for, but the PowerVault will come with a warranty and enterprise support from Dell, so at least if cost is an issue you'll have an idea on the cheaper end.
Anyway, the MD3200i with dual controllers (2gb model rather than 4Gb), and 12 x 4TB Near-Line SAS drives (sata's not available) comes out as £8926 ex vat - that's with the basic warranty in place - upgrading to the 3 year next business day is £1400 on top. if you simply went with 12 of those, you'd be spending £107,000.
Of course, however, you could save a bit by buying fewer MD3200i's and instead adding in some disk shelves based on the MD1200. One of those with 12 x 4TB drives (same basic warranty) is £7,149. I believe you can add 3 of those to the MD3200i but I'd need to check. This means you could get the storage you're after at about the £100,000 mark. Of course, an order of that size would qualify for extra discount over the margins in the standard Dell premier account.
So there you go. Not sure how useful that is, but at least there is a semi-accurate ball park figure out there.
EDIT - missed the bit about SAS. The biggest 15k drives Dell do are the 600Gb's and these are £245 each compared to the £443 each on the 4Tb drives. If 10k was an option, the 1.2Tb SAS (10krpm) is £425 so slightly cheaper than the 4Tb Near-line Sas's.