- Friday, April 19, 2024
The Bonaparte Imperial family, US banker JP Morgan, James Bond film franchise co-producer Harry Saltzman and movie financier Lord Robert Vansittart have previously lived in the house
By: Chandrashekar Bhat
Indian-origin tycoon Mike Jatania has put up Denham Place for sale, more than two decades after he bought the Buckinghamshire mansion.
The Grade I-listed stately home, designed by 18th-century landscape architect Lancelot ‘Capability’ Brown, comes with a price tag of £75 million.
If a sale goes through at around the price, the property which featured in James Bond movies, will become one of the most expensive property deals in the UK outside London.
Jatania believes wealthy American and Middle Eastern buyers would evince interest in the 12-bedroom house because of the fall in the value of the pound.
Set in 43 acres of parkland, the manor house was built in 1688-1701 in William and Mary architectural style. It has 14 reception rooms, a coach house, estate cottages and ancillary buildings.
Located 20 miles from The City, the property was restored by architect Alexander Kravetz who worked alongside English Heritage and The Georgian Group.
The Bonaparte Imperial family, US banker JP Morgan, James Bond film franchise co-producer Harry Saltzman and movie financier Lord Robert Vansittart have previously lived in the house.
Estate agents Savills, Knight Frank and Beauchamp Estates are marketing the house which the property portal Rightmove describes as a residence which provides “a secluded retreat” just 17 miles from Mayfair”.
According to Knight Frank’s country department partner James Crawford, there have just been “seven owners of Denham Place since Anglo-Saxon times”.
Jatania, 58, who made a fortune by running cosmetics businesses, bought Denham Place from cigarette maker Rothmans in 2000 for a reported price of £20m.
“I’m sure the Americans will look at it,” the tycoon who lives in Monaco told Bloomberg, citing the examples of Ken Griffin and other hedge fund managers who have bought properties in central London.
“There’s also been a lot of wealth created in the Middle East recently, and we know families there have a tradition of owning London homes,” he said, indicating where potential buyers could come from.
Jatania, who sold his cosmetics firm Lornamead to the Hong Kong-based supply chain management company Li & Fung for 200m in 2013, is considered one of the richest Asians in the UK.
