TAKE A LOOK | Contained in the British property Asia’s richest man simply purchased for R1.1 billion

The Kings spent round R430 million restoring the property, Forbes reported in 2001.

Chester King, co-owner and board director of Worldwide Group, instructed Insider that he and his brothers determined to place Stoke Park up on the market in 2017, however the property wasn’t formally in the marketplace when Reliance approached the household about shopping for it on the finish of 2020.

The brothers have been “protecting” of Stoke Park and needed to make sure the brand new proprietor could be somebody who will respect its heritage and historical past, King stated. Although he hasn’t met Ambani personally, King stated he is assured they’ve discovered that in Reliance.

“What’s nice is Reliance is fairly on par with restoring the property on comparable phrases to what we have been fascinated with,” King stated. “They’re dedicated to restoring it and making it higher than it’s now. As a household, we’re very completely happy to seek out house owners which have a shared imaginative and prescient.”

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