10 Aug, 2016 @ 10:45
1 min read

Billionaire landowner Duke of Westminster dies, leaving thousands of acres of land in Spain

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duke of westminsterTHE Duke of Westminster has died after suddenly falling ill on his Abbeystead Estate.

Gerald Cavendish Grosvenor, 64, passed away at the Royal Preston Hospital in Lancashire on Tuesday.

“His family are all aware and they ask for privacy and understanding at this very difficult time,” a spokesman said.

“No further comment will be made for the time being but further information will follow in due course.”

The Duke was a friend of Prince Charles and the Duchess of Cornwall, who were “deeply shocked and greatly saddened” by his death, Clarence House said.

A spokeswoman for Buckingham Palace said: “I can confirm that Her Majesty the Queen is aware of the news about the Duke of Westminster. A private message of condolence is being sent by the Queen and the Duke of Edinburgh.”

The Duke was worth around €10.9 billion and was the third richest man in the UK.

He owned land in the exclusive Belgravia area of London as well as thousands of hectares in Scotland and Spain.

His most famous property in Spain was in Cordoba, which remains one of Europe’s most secretive bolt holes.

The 15,000 hectare estate, which was leased by the Duke, is a popular retreat for Europe’s elite, with Princes William and Harry making repeated visits.

The King of Spain has also hunted there.

Finca La Garganta – meaning ‘the throat’ – is tucked away in the Sierra Morena mountains, nudging Ciudad Real province.

The estate boasts its own petrol station, a private railway station and accommodation for 100 staff.

Within its 50km perimeter the estate teems with wildlife, and provides a safe haven for a number of protected species including three types of vulture and imperial eagles.

The highly sought after wild boars and stags, as well as an abundance of game birds has made the property an appealing home-from-home for William and Harry.

Laurence Dollimore

Laurence has a BA and MA in International Relations and a Gold Standard diploma in Multi-Media journalism from News Associates in London. He has almost a decade of experience and previously worked as a senior reporter for the Mail Online in London.

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  1. Wolfgang, how much do you think Leonardo Da Vinci’s painting of The Last Supper or Mona Lisa are worth. They are priceless and never have been put up for sale and only guesswork as to how much they would be worth if for sale. The same with The Duke of Westminster estate which has never been for sale, so basically priceless and has been in the family for hundreds of years tracing back to the day’s of William the Conqueror. So basically the estate could be worth much more than the figure stated.
    I’m not sure if anyone can remember, But “MANY” years ago the Labour party at the time was about to sell a prestigious block for £2 million pounds (which was a lotta money in those days) at Hyde Park until the Duke of Westminster estate intervened and blocked the sale. The block was originally sold to the government of that time by T.D.o.W estate for £137.000 and was to be used for the wellbeing of the people. In the contract it stipulated that if was to be resold it was to be resold back to the T.D.o.W estate at the ordinally price of £137.000. It was never sold.
    As you can see, the estate plans, and still do, for hundred of years in the future, so basically the estate is priceless except guesswork.

    • BTW. An added thought. Did anyone catch a American program called Chasing Classic Car were a classic Ferrari car was on auction (Can’t remember the model) It kicked off at €500k and was eventually sold for 6 million. The owner gave the proceeds to charity.
      So Wolfgang, how much do you think the Duke’s estate is really worth. Pie in the sky figure had been quoted.

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