RUSSIAN President Vladimir Putin’s Costa del Sol mansion appears to be co-owned by five other wealthy businessmen.
The Russian leader may have joined forces with a mixed group of Indian, Russian and Arab investors in the €19 million palace project in Benahavis, near Marbella, according to Olive Press sources.
The ten-bedroom home is nearly 90% complete with Putin reported to have visited the coast over Easter to inspect the project.
Local estate agent Scott Marshall told the Olive Press, “I was informed via a very reliable international real estate contact in London, that it was bought by six wealthy men, one of those being Putin.”
The agent, who has worked in the small Costa town for over a decade, added: “But it is always going to be very difficult to prove because it is bought through a company.
“The Spanish builder told me it was being built by an Indian millionaire, but of course he could be one of the six and maybe the builder doesn’t even know himself.”
He continued: “Either way, it’s the biggest project we have ever seen. They have even bought extra plots and built a guest house.
“The builders have been working around the clock to get it finished.”
More speculation has been emerging in the Spanish press today about the house being bought by Putin in Spain’s most expensive development, Zagaleta, a haven for wealthy businessmen and celebrities.
Owners in the exclusive enclave have included Rod Stewart and the mayor of Moscow, while Hollywood star Hugh Grant rented there two years ago.
The Olive Press first broke the story 18 months ago.
In October 2012,we reported that ‘a wealthy Russian politician’ – thought to be Putin – had secured the purchase of the palace project in the heart of Zagaleta estate.
Sitting on an 18,000m² plot, the project boasts its own spa and gym, a cinema, piano bar, heli-pad and two swimming pools.
The epitome of extravagance, it has 10 bedrooms with spectacular views towards Gibraltar, North Africa and inland to the Serrania de Ronda.
The president of the Andalucian Federation, Ricardo Arranz, said: “There is no confirmation, it is a rumour that has been going for some time but we have no proof.”
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