INEA Homepage
Homepage
Homes to Buy
SEARCH
Homes to Buy

  Homes to Rent
SEARCH
Homes to Rent

  Commercial
SEARCH
Commercial

  New Homes
SEARCH
New Homes

  Overseas
SEARCH
Overseas

 
Your Currency

Property Search
Distance:
Location/Postcode:
Property Type:
Minimum Price:
Maximum Price:
Minimum Bedrooms:
Added In:
Order By:
Find in Description:
Search

Properties

Mystery still surrounds English mountain bidder

Mystery still surrounds English mountain bidder

The ups and downs of the saga of who will buy the Blencathra mountain in the Lake District, for sale at £1.75million continue, with an Indian billionaire denying press reports that he has been successful.

Mystery still surrounds the bidder for an English mountain range for sale at £1.75million.

The 2,850-foot high Blencathra mountain in the Lake District is part of a 2,676-acre estate put up for sale by the Earl of Lonsdale, Hugh Lowther earlier in the year to help pay inheritance tax bills.

Community group, Friends of Blencathra, has put in a bid to buy the mountain and is confident that it will be accepted.

A report in the Mail on Sunday newspaper quoted the property agent as saying another higher bid from an unnamed party had been accepted.

However, agent H&H Land and Property confirms today (Tuesday) that talks are still proceeding and OPP Connect understands that it is unlikely a decision will be reached within the next week.

Media reports that billionaire Indian steel tycoon Lakshmi Mittal had bid for Blencathra have been denied on the social media site Twitter by his company, ArcelorMittal.

“The idea that Mr Mittal is interested in buying a mountain is nonsense. We have no idea where this story came from: it isn’t true.”

However, some Indian media have carried stories that the bid by Mr Mittal, who is Number 63 on the Forbes world billionaires list, has been successful and welcomed the news that an Indian businessman has acquired an English landmark.

John Robson, Managing Director of H&H Land and Property, says in a statement, “We are moving towards exchange of contracts, however until the time contracts have been exchanged, negotiations with all parties are on-going. In addition no further announcements are likely to be made by H&H Land and Property until contracts have been exchanged.”

The firm has confirmed to OPP Connect that it is making no comment on the latest press reports.
Friends of Blencathra point out that if a rival bid had been successful it would have been notified by the property agent and claims the UK press reports were inaccurate.

It says in a statement,“We are the only bidder to have gone public with our intention. We do not know if the person named has put in a bid or not. It is therefore very difficult to comment as this is just the latest in a very long list of rumored bidders.

“As we have stated previously, no sale has been completed to anyone and we are still very much in negotiations with agents acting for the Lonsdale Estate Trustees.”

Source: Opp Connect




Advert


Featured Agent
London Mls
Twickenham
0203 261 0900
Click for more

INEA