Family Ilham Aliyev holds apart the London area of 10,500 square feet and cost more than $ 25 million.
The house is located on Hampstead Lane, green corner of North London – a tranquil oasis separated from the main tourist area of fuss. The building is of red brick is behind the imposing security gate, hidden from prying eye thick hedge. Curtains on large windows drawn, and the road is empty, except to come and go battered Fiat Punto, intended for service personnel.
This is an old neighborhood, and rich.
Across the street is a baronial house Kenwood, a huge building in the style of the wedding cake, was built in the 17th century and was once owned by William Murray, first Earl of Mansfield. The house faces a massive green expanse of Hampstead Heath, a kind of wild city park, whose landscapes inspired the great English Romantic poet John Keats.
Nearby quaint neighborhood of Belsize Park and Hampstead are home to celebrities liberal British cultural life, such as Liam Gallagher and Benedict Cumberbatch. In recent years, to the chagrin of longtime residents, the oligarchs have bought expensive possessions in the area. In the fast growing London property market, where house prices have jumped by almost 26 percent just between 2013 and 2014, these houses – a fantastic investment for a super-rich clients.
The house was purchased in 1998, when Aliyev was vice-president of the State Oil Company of Azerbaijan (SOCAR). It remains unknown what was the purchase price or Skolkov he had paid.
In the records of the land registry for the house Hampstead Lane, called his architects’ Mansion on the Heath, “said that the house is owned by Beckforth Services Limited, which in turn is owned by Aliyev and which is registered in the offshore zone of the Isle of Man.
Today Ilham Aliyev is the President of Azerbaijan and the House on the Heath is only one of several properties in the Aliyev family, which also owns property in Baku and Moscow.
Today salary Aliyev as the President is about 230,000 US dollars a year, raising an interesting question: how can he afford such a big house in one of the most expensive areas of London?
President Ilham Aliyev can rightly say that the house on the Heath is no longer his home, as documents for Beckforth Services Limited show that he and his wife Mehriban transferred its shares in 2010, their eldest daughter, Leyla Aliyeva, who is currently time is the sole shareholder.
In the documentation there is no indication that any money passed from hand to hand during the transaction.
But Beckforth records show another interesting fact: the elder Aliyev used the address of SOCAR (SOCAR) as their own.
How cute can be a neighborhood of London, and the house, apparently they were not good enough. According to the website of elite of SHH Architects, the firm has decided to enlarge and renovate the property, although the house has just been refurbished before sale.
The architects say that their client, “Central Asian diplomatic family,” asked for repair in order to create “a sense of grandeur, especially in the entrance area.” It is said that Aliev insisted on the design, which would be passed “the French influence and the interior region of Côte d’Azur.”
According to records on the construction of the London Borough of Haringey, company Aliyevs Beckforth Services Limited requested SHH engage in “architectural renovation” in the house of Hampstead. This includes the expansion of the master bedroom and the construction of underground parking lifts.
The neighborhood in which the house is located Aliyev, is one of the most affluent areas of London. One of the owners of football club Arsenal, Alisher Usmanov, owns a house in the area, which he bought in 2008 for 50 million pounds (76 million US dollars).
Although the exact cost of the London home of the Aliyev is not known, the house of their neighbors was worth more than $ 26 million two years ago. Hampstead House will likely cost considerably more after the repair works carried out of SHH, whose clients include wealthy Saudis and designers.
The company in the Isle of Man
Aliyevs purchased Hampstead house is not directly in 1998, and through the company Beckforth Services Limited.
Rich people sometimes use these companies for the purchase of real estate, that their names did not appear in the documentation of the registered property. However, the documents on the company Beckforth Services indicate that its current owners are Aliyev and the President of Azerbaijan and his wife pointed out the head office of SOCAR (SOCAR) Prospectus Oilers 73 in Baku, their personal address.
Beckforth Services Limited is an interesting company. It is operated by SMP Partners Limited, which handles most of the registration of licenses in the gambling business on the Isle of Man, and offers services in the field of yachts and aircraft for wealthy clients.
Perhaps Beckforth Services Limited also used “nominee” directors, surrogates that appear in official documents as the company’s executives, but not really related to the business. One of the directors Beckforth was Edward Petre-Mears, who lives on the island of Nevis in the British West Indies.
The 2012 edition of the Guardian called his wife and business partner Sara “pseudo-director”. Just weeks after the appearance of stories about Sarah Petre-Mears, Edward left his post as director of the company and was replaced by the Aliyev Annette Heath, manager of client services SMP Partners.
“The family with a large fortune”
Back in 1997, the first director of the Aliyev was an accountant named Joel Steinhart, LinkedIn profile which claims that it offers “custom solutions for families with a large fortune,” and provides “a small number of individual clients with a high net profit.”
SMP Partners, which was founded and run by Beckforth Services Limited, also offer “private clients who want to protect the family’s assets … and optimize their property” and “manage trust assets customer total cost above $ 6 billion.”
Communication between Beckforth Services and capital management is problematic, given that the president and his wife should not be individuals or businesses with a “high status”. As noted above, Aliyev earns 230,000 dollars a year, and he and Mrs forbidden to conduct business under the laws of Azerbaijan.
However, only in the London example of their ownership of the property is extremely expensive and the use of luxurious architectural firm suggest that the president’s family is spending a lot more than what they can afford a visible source of income.