The King of Bahrain has paid greater than £120million to purchase a Cotswolds property from a Saudi prince who purchased it for £11m within the Nineties, making him the brand new proprietor of its 18th-century nation home, 167 acres of parkland, 39 cottages, and a Norman parish church.
King Hamad bin Isa al-Khalifa, a buddy of the British Royal Family, bought Glympton Park in February from Prince Bandar bin Sultan, 72, a former Saudi intelligence chief and ambassador to the US.
The monarch, 71, who attended £34,245-a-year The Leys Faculty in Cambridge in his youth, is now listed on Corporations Home as the brand new proprietor of the property alongside his Cambridge-educated son, Crown Prince Salman Bin Hamad Bin Isa Al Khalifa, 51.
King Hamad bin Isa al-Khalifa, a buddy of the British Royal Household, bought Glympton Park in February from Prince Bandar bin Sultan
Prince Bandar is sitting on an infinite revenue from the deal – first reported by Bloomberg – since paying a fraction of the sale value to buy Glympton from the Australian property magnate and convicted fraudster Alan Bond within the Nineties.
He’s believed to have spent £42m on renovations, together with constructing a reproduction English pub inside Glympton Park Home – the property’s nine-bedroom mansion – and putting in obstacles and bullet-proof glass on the driveway to cease intruders.
The prince had touchdown rights for his personal jet at close by Brize Norton, a safe RAF airfield which additionally caters for the worldwide tremendous wealthy, and is a quick drive away from the property.
The property’s new proprietor, King Hamad, is a private buddy of the Queen and in 2013 gifted her a pair of pure-bred Arabian horses whereas becoming a member of her on the Windsor horse present.
The sale underlines the rising recognition of nation estates throughout the pandemic, creating what a Savills dealer described as probably the most energetic marketplace for stately houses for the reason that Nineteen Eighties.
The property agent, which has 320 workers in its division devoted to nation estates, has offered 21 valued at £15m-plus for the reason that first nationwide lockdown. This compares to only one such property offered in 2019.
Of the 19 estates offered final yr, round half went to overseas patrons, in keeping with Crispin Holborow, from Savills’s Personal Workplace.
Glympton Estates Ltd, the corporate that runs the nation pile within the Oxfordshire countryside close to Woodstock, claimed £25,000 from the federal government’s furlough scheme in December final yr, the Guardian reported.
The corporate manages home workers for the home and runs its accounts.
The property’s new proprietor, King Hamad, is a private buddy of the Queen and in 2013 gifted her a pair of pure-bred Arabian horses whereas becoming a member of her on the Windsor horse present
Prince Bandar, 72, is a former Saudi intelligence chief and ambassador to the US
Prince Bandar was beforehand embroiled in claims of corruption referring to BAE Programs, Britain’s greatest defence firm, which was accused of secretly paying him £1bn in bribes in return for organising the £40bn al-Yamamah arms deal within the Nineteen Eighties – a declare he denied.
The arms deal was investigated by the Severe Fraud Workplace earlier than it known as off its investigation in 2006 on the orders of the legal professional common Lord Goldsmith, who cited ‘nationwide safety’ considerations.
Glympton was owned by the heirs of Seventeenth-century baronet and Whig politician Sir Thomas Wheate till being offered by the household in 1944.
A home has occupied the location of the current mansion for the reason that sixteenth century or earlier, however the present property primarily dates again to the 18th-century and was considerably remodelled within the nineteenth.
Prince Bandar’s Eton-educated son, Prince Khalid, was in 2015 stated to be in negotiations with Jeremy Clarkson to construct a high-performance race observe on the property.
Neighbours of 1 attainable web site, a former RAF airfield close to the village of Enstone, had been horrified by the thought of it turning into a race observe and the scheme by no means materialised.
The village of Glympton, which is nestled within the Oxfordshire countryside 3.5miles north of Woodstock