Tag: wealth

Basement It Like Beckham

Former Algerian Embassy in Holland Park for sale for £30 million; the detached stucco house needs complete renovation and counts David and Victoria Beckham as neighbours

The former Embassy of the People’s Democratic Republic of Algeria in Holland Park, W11 has just been placed for sale for the sum of £30 million ($39.1 million, €34.9 million or درهم143.7 million).

Offered by estate agent Anthony Sharp, the 9,490 square foot, Grade II listed detached stucco house includes accommodation over five floors and was built in 1862. One of remaining Italianate villas designed by brothers Francis and William Radford, 54 Holland Park is described as being “in need of full modernisation” and as having “scope to create a magnificent family home”.

The buyer will count David and Victoria Beckham as near neighbours. They paid £31.5 million ($41.1 million, €36.6 million or درهم150.9 million) for 23 Holland Park in 2013 and finally took up residence there in July 2016 after completing an £8 million ($10.4 million, €9.3 million or درهم38.3 million) renovation that included, amongst other things, a vast subterranean redevelopment.

May 20, 2017
Poore Borwick

New contributor Mark Newton shares his views on the “dubious record” of Lady Borwick, Conservative parliamentary candidate for Kensington

Kensington, Kensington, its name beats the drum of the Conservative heartland of London. Tory grandees have worked long and hard to be fortified in this Bastion with greats like Alan Clark, Michael Portillo and Malcom Rifkind amongst its previous tenants. To be given Kensington is to be awarded one of the safest, and most convenient seats in the land – a prize to be won by only the hardest working, and most industrious of MPs and this, to my mind, makes the continued selection of Lady Borwick (née Victoria Poore) as the Tory candidate even harder to understand.

Known locally by the epithet ‘Lazy Borwick’, this latest MP is cast quite differently from the usual Kensington mould. Lady (‘Call me Victoria’) Borwick’s stance on Brexit, lousy debate participation and letter response history, questionable use of public funds and ongoing links to shady businesses is creating quite the heated storm in the chattering leafy private gardens of Kensington. Over the next three articles, I’ll be taking a look at Lady Borwick to try to get to the bottom of how and why one of the safest Tory seats of the land came to be held by the one of the least worthy occupants.

Lady Borwick succeeded in getting her hands on Kensington after Malcolm Rifkind stepped down at the 2015 General Election. The circumstances of that coup are somewhat strange, not least because of the history of Kensington in selecting high profile and hard working MPs. What seems to have happened is simple nepotism. Lady Borwick, having twice failed to make the selection list for London mayor during Steven Norris’ candidacy, finally slid into the London Assembly in 2008 as one of three London-wide Conservative members. From there it was an easy promotion from Boris Johnson to the Deputy Mayorhood, and it seems no-one less than the great ‘BoJo’ himself shoe-horned her into the Kensington seat ahead of better qualified and more industrious candidates.

So why then is the epithet ‘Lazy Borwick’ doing the rounds in the Royal Borough? Surprisingly, it has very little to do with her controversial Brexit stance in a strongly Remain constituency. What’s got Conservatives up in arms is her uselessness as a constituency MP. According to the MP tracking website TheyWorkForYou, Lady Borwick’s response rate to written enquiries is just 18% – an abysmal score that places her 618^th on a list of 641 responding MPs. If there’s one thing the well-to-do residents of Kensington don’t like it’s an MP who is too busy or lazy to respond to their well-meant enquiries, particularly a Member of Parliament who manages to be significantly less efficient than her much busier, high profile forbearers.

So, what, might you ask, is taking up so much of Lazy Borwick’s time that she can’t manage to get to her mail bag? Some suggest that it may be her tireless work for charity, yet, strangely, Lady Borwick’s parliamentary voting record seems to spit in the face of the charitable causes she purports to support. Recently, she has jumped on the laudable activities of @CleanAirLondon, a much needed initiative to clean up London’s diesel rich environment, yet in the Commons ‘Lazy Borwick’ has consistently voted against climate change measures, and against a greater public control of bus services. Hard to reconcile with the self-promotional pictures of her backing smart energy meters.

Lady Borwick also claims to support local hospitals and to regularly visit the elderly residents of Kensington. She even spoke at a recent debate in favour of mental health and mobility support. Yet in the House of Commons she has almost always voted against paying benefits to those unable to work due to illness or disability and has consistently voted against the terminally ill being given assistance to end their lives.

Finally, there are those who suggest ‘Lazy Borwick’ may simply be too busy with parliamentary duties to answer constituents’ letters, yet she spoke in just 15 debates in the last year, well below average amongst MPs, and dramatically lower than previous high profile Kensington MPs.

Whatever it is that keeps Lady Borwick entertained, it can’t then be serving the interests of her constituents, so to get answers we need to dig further, into her bizarre and odd beliefs about Europe, and her odd use of public funds and ties to ‘Big Data’ business.

Coming up next – ‘Brexit Borwick’ and residents’ anger in Kensington; the constituency with the greatest proportion of EU nationals of any London borough.

Pictured above – ‘Woman of the people’ Lady Borwick – a “director and member of Poore and Second Poore Ltd; holding companies limited by guarantee” – aboard a 40-metre yacht in 2014 with Sunseeker Cheshire’s Jonathan Kingsley. At the time Mr Kingsley commented: “It was a wonderful opportunity to promote our iconic brand and reinforce the British success of Sunseeker to this high profile, influential Lady. She, and her son, adored the boat”.

#LazyBorwick

May 18, 2017
Fergus and Judith Wilson

Fat former boxer and Toad of Toad Hall-like figure of fun Fergus Wilson and his equally badly dressed Hyacinth Bucket-like wife, a former maths teacher named Judith, banned “coloured people” from renting the 1,000 properties they own in Kent “because of the curry smell at the end of the tenancy”. They were also revealed to refuse to let housing to “battered wives”, single parents and zero-hours workers in March 2017 and of them, the advocacy group Hope Not Hate remarked: “It’s almost as if [they have] taken a tick box to offend every vulnerable group in Britain”.

When taken to trial for using a mobile phone whilst driving, racehorse owning Mr Wilson – who also has a conviction for assaulting an estate agent – was fined £565 after ridiculously trying to claim he “was singing into a drinks carton that he was holding to the side of his head”.

The name of one of their horses – ‘Gone Too Far’ – sums up the most recent actions of this widely disliked duo perfectly.

May 18, 2017
Louise Rowntree – What’s on your mantelpiece?

A 20-question interview with public affairs and communications consultant and Liberal Democrat candidate for Chelsea & Fulham Louise Rowntree

The Steeple Times shares “wit and wisdom”. What’s your guiding force?

Treat others the way you want to be treated.

“Don’t get even, get medieval” is, in our humble opinion, a great motto. What’s yours?

You’re not living unless you take risks.

Kerry Katona was considered unacceptable in 2007. Who or what is unacceptable in 2017?

Theresa May.

Tony Blair misses being Prime Minister. What do you miss most in your life?

Time to ‘mong’.

What might you swap all your wealth for?

Being the fastest swimmer in the world.

Donald Trump was once a case of: “If you owe the bank a thousand, they close you down; but if you owe the bank a billion, you own the bank”. What’s your view on the state of the financial system?

It was going quite well in Britain until Brexit.

What phrase or word do you most loathe?

“How are you?” instead of “hello”.

In the UK, some people consider charity to “begin at home”. What’s your view and what causes do you personally support?

With three children, a small business and the General Election, I am conscious that I don’t do enough to help out in the local community currently. Locally, I’m ambassador for the Fulham Cricket Club – which gives free cricket training to children whose parents wouldn’t otherwise be able to afford it, and has linked up with a number of charities including Hammersmith & Fulham Refugees Welcome. More generally, I donate (a modest sum) to Save the Children each month.

The judge in Law Abiding Citizen states: “I can pretty much do whatever I want” before being blown up whilst answering her mobile phone. What’s your view on the appropriate use of such devices?

My late father always said: “You can tell who’s important. They’re the ones without a phone”. When on a train take calls in the corridor, try to avoid taking them when with others but – if you must – ask permission first. Never put your phone on a table if with others.

If you could fill a carriage on The Orient Express, who would be your fellow passengers?

Vincent Cassel, Nancy Wake (‘The White Mouse’), Ian Hislop, Michelle Obama, Mick Jagger, Amy Schumer, Guillaume Canet, Diana Ross, Jimmy Fallon and the entire cast of Saturday Night Live.

If you were unfortunate enough to end up on death row, what would be your last meal and where would you eat it?

Chinese dim sum, on a boat on the River Thames going through Chelsea and Fulham.

What time is it acceptable to consume the first drink of the day?

Any time, as long the occasion fits and you can handle your drink.

A Negroni, a martini or a cup of tea?

A Negroni, but in a glass, not from the bottle.

Whose parties do you enjoy the most and why?

Ours: Because my husband DJ’s and we always have to threaten to call the police at 4am.

Who is the most positive person you know?

Jessica Arora: Fashion guru, co-founder of NotSuchAModelMum and a good friend.

What’s your most guilty pleasure?

Eating a whole box of salt and vinegar Pringles whilst drinking wine in bed and watching American TV series’.

If a tattoo were to sum you up, what would it be of?

A rowan tree: I’m a descendant of Vikings who invaded York over a thousand years ago and took their name from the local rowan tree – which morphed into ‘Rowntree’: Rooted, earth, strong, proud – it sums up both my Yorkshire ancestors and me.

If you were a car, what marque would you be?

A Lada: Old fashioned, rare, traditional and scrubs up surprisingly well with a bit of polish.

Cilla Black presented Surprise, Surprise. Tell us the most surprising thing about you.

I was taught how to fight at the age of five, but thankfully have only once had to.

What’s currently sitting on your mantelpiece?

A Mappin & Webb clock my late father was given when he retired from the bank he ran, a couple of Delft vases from a Belgian flee market, a Limoges egg which belonged to my late grandmother, and my son’s Grade 2 Music Theory certificate.

Louise Rowntree is a lawyer-turned-public affairs and communications consultant who grew up in Chelsea and lives in Fulham. She is married to Raphael, a Belgian lawyer, has three sons and is standing as the Liberal Democrat for Chelsea & Fulham in the 2017 General Election.

Louise worked for several years in Brussels – where she ran Hill & Knowlton’s Trade & Competition department. In 2012 she founded her own, niche, consultancy Rowntree & Associates and moved back to London soon after. She has personally advised heads of state, ambassadors, ministers, multinationals, NGOs and law firms.

Follow her on Twitter at @louise_rowntree.

Photograph by Micki Scupin Rogers.

May 14, 2017
Staging the Dollars

Prominent banker attempts to sell San Francisco mansion for a sum 205% higher than it achieved in 1993; it comes with an outdoor theatre

Built in 1904 of brick on a wood frame and subject to a seismic upgrade in 1994, 3444 Washington Street in Presidio Heights, San Francisco was sold for $15.2 million in 2006 (the equivalent of £11.8 million, $18.4 million, €13.9 million or درهم55.8 million today) and before that for $5.9 million in 1993 (the equivalent of £7.8 million, $10 million, €9.1 million or درهم36.7 million today). It is currently owned by the banker David A. Coulter and his “social entrepreneur” wife Susan Weeks Coulter and has recently been placed for sale for £14 million ($18 million, €16.5 million or درهم66.1 million).

Offered by Linda Mayne of Mayne & Company, the 9,074 square foot “Georgian-style residence” comes with not only 6 bedrooms and 6 bathrooms but also an outdoor amphitheatre complete with terraced seating and an al fresco kitchen with a barbecue. The 4-storey building was last remodeled in 2008 and also includes a media room with wet bar and views of the Golden Gate Bridge, a wine cellar with capacity for 1,600 bottles, a lift, staff quarters and a 2-car garage.

Susan Weeks Coulter and her husband David A. Coulter (left and right)

3444 Washington Street, Presidio Heights, San Francisco, California, CA 94118, United States of America

The garden features an amphitheatre complete with terraced seating

The view from the house

Property taxes on the house were a not insubstantial sum of £154,959 in 2015 ($199,685, €182,686 or درهم733,690). Mr and Mrs Coulter attempted to sell 3444 Washington Street in 2008 but subsequently withdrew it from the market after reducing their then asking price from $17.5 million to $12 million (the equivalent of £13.6 million to £10.6 million, $19.9 million to $13.6 million, €16 million to €12.4 million or درهم64.3 million to درهم50 million today). They also own reportedly bought a penthouse at 55 East 72^nd Street in New York in 2012.

Pennsylvania born, Carnegie Mellon University educated Mr Coulter, currently a special limited partner at Warburg Pincus, was previously vice chairman of JP Morgan Chase & Co. from 2001 to 2005. He was chairman and CEO of Bank of America Corporation for two years from 1996, but was unceremoniously fired when that organisation was “eaten alive” by Hugh McColl’s NationsBank in October 1998.

https://vimeo.com/212072933

May 13, 2017
The Best 4x4xFar

Immaculate 1993 Land Rover Range Vogue for sale; its price will astound but its condition will impress

An immaculately presented twenty-four year old Range Rover has gone on sale for £42,500 ($54,800, €50,100 or درهم201,200).

Offered by West London based Graeme Hunt, the 1993 Land Rover Range Rover Classic Vogue LSE 4.2-litre is boldly described as “an absolute cracker” and has passed through the firm’s hands twice. The grey with tan interior car has every conceivable extra, an upgraded stereo and a Brooklands body kit.

The present owner, one of Graeme Hunt’s “most endearing and trusting customers”, acquired the vehicle three years ago and “embarked on a stratospheric restoration – a restoration upon which he chose to put his mark on, and in an indulgent manner”. The result is a luxury car complete with carpeting more befitting of a Scottish castle than Kensington and a definite future classic.

May 13, 2017
Lady Ridsdale DBE (1921 – 2009, née Victoire Bennett)

Dame Paddy Ridsdale, as she generally known, was an intelligence operative, secretary to Ian Fleming during WW2 and the inspiration for the Bond character Miss Moneypenny.

A Conservative Party stalwart and married to Member of Parliament for Harwich from 1954 to 1992 Sir Julian Ridsdale CBE (1915 – 2004), Dame Paddy – or Vicky, as she was known to some – is best known for her role in ‘Operation Mincemeat’, a “famous caper” concerning a “man who never was” in 1943.

In the war, Dame Paddy wrote love letters and telegrams that were planted on the body of ‘Major William Martin’, an invented, drowned naval officer, that was floated in the ocean off Spain. The body carried fictitious plans of a purported Allied invasion of Sardinia and Greece and formed part of a plot designed to deflect attention from the Allied landings in Sicily. Of it, she later remarked: “I was sent to buy clothes in all the best men’s shops and had to pose as his girlfriend. I had to go to post offices and rather loudly send this telegram to ‘my boyfriend’, hoping of course that somebody would overhear me”. In due course, the body was indeed found, the Axis powers completely taken in and “Mincemeat swallowed whole, hook, line, and sinker”. A BAFTA winning film directed by Ronald Neame, The Man Who Never Was, made about the deceptive scheme in 1956.

Dame Paddy was known as a “political hostess in the style of a bygone era”, lived in a mansion “sandwiched between a sheikh and a Saudi prince” in The Boltons for the majority of her adult life and is buried in the grounds of the church there. She had one daughter, became Lady Ridsdale when her husband was knighted in 1981 and was appointed Dame Commander of the British Empire (DBE) in her own right, for political services, in 1991.

Of her relationship with her one-time employer Fleming, she concluded: “Ian had so many girlfriends that I was not tempted to become one of them”.

https://www.youtube.com/watch?v=xemGlAV6TAw

May 13, 2017
Rich Pickings

Trophy house with a “dictator interior” in The Boltons has nearly £10 million sliced off its asking price; iceberg home behind reduced by £5 million

A house in London’s second most expensive street has returned to the market at the much reduced price of £30 million ($38.8 million, €35.5 million or درهم142.6 million) in spite of having an interior that would only appeal to the likes of Bashar al-Assad, Muammar Gaddafi or Saddam Hussein.

Previously marketed at £39.5 million ($47.1 million, €47.1 million or درهم188.3 million) in 2015 through Russell Simpson and now offered by Knight Frank, semi-detached 6 The Boltons extends to 9,781 square foot and comes with a 2,469 square foot mews house to the rear in Creswell Place.

Both buildings are described as “requiring modernisation throughout” and in total provide 5 reception rooms, 16 bedrooms and 11 bathrooms. The main house has a lift to all floors, air conditioning and as well as parking for 5 cars, there is an internal garage and an interconnecting garden.

For those with another £32.5 million ($42.1 million, €38.5 million or درهم154.5 million) to spare, Knight Frank also offer another house adjoining the Cresswell Place mews house. Featured in The Steeple Times last May, that house, Cresswell House, has also had a rather punchy £5 million ($6.5 million, €6 million or درهم23.8 million) sliced off its asking price. A super-compound anyone?

May 10, 2017
Take Me To The Titanic

Apartment in mansion block in Sloane Square for sale for £6.2 million in spite of needing updating; it is within the building from which a Mayor of Chelsea lived and departed to his death on RMS Titanic

A third floor flat in a portered mansion block on Sloane Square has gone on sale for £6.2 million ($8 million, €7.3 million or درهم29.5 million) through Cluttons in spite of being decorated like a relic from the 1980s. It is situated above Hugo Boss’ flagship store and within Grade II listed Wyndham House, the building from which a former Mayor of Chelsea went to his untimely death aboard the RMS Titanic in 1912.

Previously priced at £6.5 million ($8.4 million, €7.7 million or درهم30.9 million) when marketed by Russell & Simpson in February 2016, the 2,684 square foot lateral apartment includes a 30-foot long reception room, 3 bedrooms and 3 bathrooms and features such details as ornate ceiling friezes and plasterwork and working fireplaces. A larger 5 bedroom flat within Wyndham House sold for the staggering sum of £12 million ($15.5 million, €14.2 million or درهم57 million) in July 2015 according to Land Registry records.

Wyndham House resident and Mayor of Chelsea from 1909 to 1911 Charles Head (1869 – 1912) perished aboard RMS Titanic, his body was never recovered but a sundial was erected in his memory in nearby Cadogan Place Gardens

Aside from being one of Chelsea’s grandest residential blocks, Wyndham House was at home to one of the victims of the Titanic maritime disaster in the early 1900s and it was from here that Charles Head, Mayor of Chelsea between 1909 and 1911, went to his death in April 1912. Head, a Cambridge educated barrister turned director of Head & Co. insurance brokers and underwriters at Lloyds of London, was a well known supporter of the arts, a councilor from 1906 and had only married 18 months earlier. He travelled alone on a £42 first class ticket (the equivalent of £4,400, $5,700, €5,200 or درهم20,900 today) on the Titanic’s maiden voyage and bizarrely had taken out a £25,000 insurance policy “against ocean accidents”. His precaution left his widow very well provided for given such a sum was the equivalent of £2.6 million today ($3.4 million, €3.1 million or درهم12.4 million).

May 8, 2017
Adrien Gaubert – What’s on your mantelpiece?

A 20-question interview with Adrien Gaubert, award-winning co-founder of myGwork – an inclusive LGBTI recruitment hub

The Steeple Times shares “wit and wisdom”. What’s your guiding force?

Positivity and fun. I am grateful to be alive and able to do what I do. Enjoy every moment.

“Don’t get even, get medieval” is, in our humble opinion, a great motto. What’s yours?

Just be yourself, be honest and work towards a goal. You’ll achieve it.

Kerry Katona was considered unacceptable in 2007. Who or what is unacceptable in 2017?

Bashar al-Assad.

Tony Blair misses being Prime Minister. What do you miss most in your life?

I miss living in China. I am a great fan of Chinese culture and their way of thinking.

What might you swap all your wealth for?

To give food and shelter to everyone.

Donald Trump was once a case of: “If you owe the bank a thousand, they close you down; but if you owe the bank a billion, you own the bank”. What’s your view on the state of the financial system?

Our financial system protects the wealthy and has given up on the poor.

What phrase or word do you most loathe?

“God wants” – I don’t believe, if there were such a thing as God, he would expect anything from humanity.

In the UK, some people consider charity to “begin at home”. What’s your view and what causes do you personally support?

Whenever someone asks me for a coin in the street, I give them a smile and give them what they have asked for. I believe such people are incredible brave to ask others for help and comfort. I personally support anyone in need without distinction or judgement. I never buy sandwiches for homeless people when they ask for cash even if they might use it to buy alcohol or drugs. If I were living on the street, I might also want to get high so as to forget about my situation.

The judge in Law Abiding Citizen states: “I can pretty much do whatever I want” before being blown up whilst answering her mobile phone. What’s your view on the appropriate use of such devices?

Your microwave could explode anytime, but you use it everyday. I believe mobile phones are a great communication tool and I would not give mine up.

If you could fill a carriage on The Orient Express, who would be your fellow passengers?

I would take my brothers, my mum and my grandma and grandpa (with whom I watched the movie adapted from the Agatha Christie novel when I was a child).

If you were unfortunate enough to end up on death row, what would be your last meal and where would you eat it?

I would eat some really spicy Sichuan food.

What time is it acceptable to consume the first drink of the day?

12pm if it is summer and a holiday. 7pm during the week.

A Negroni, a martini or a cup of tea?

If it is just one, then tea but if I get more than one, martinis.

Whose parties do you enjoy the most and why?

Mexican weddings. Those people clearly know how to celebrate.

Who is the most positive person you know?

Probably me.

What’s your most guilty pleasure?

Cigarettes.

If a tattoo were to sum you up, what would it be of?

I have no tattoos and I am not a fan of them as a form of expression. Personally, I would not get a tattoo to remember who or what I love.

If you were a car, what marque would you be?

A Jaguar. They are safe and fashionable.

Cilla Black presented Surprise, Surprise. Tell us the most surprising thing about you.

I have a twin brother.

What’s currently sitting on your mantelpiece?

Flowers.

Adrien Gaubert is a 29-year old Frenchman who now lives in London. He co-founded myGwork, a networking and recruitment platform to promote diversity for LGBTI professionals and graduates, with his twin brother, Pierre.

Follow the Gaubert twins on Instagram at @thegaubertwins

May 8, 2017