Son of blacklisted oligarch owns £160m of prime London property
The son of a Russian billionaire facing sanctions has spent the past two decades amassing a £160m London property portfolio.
Said Gutseriev, a 34-year-old businessman with British and Russian nationality, owns at least seven properties. The properties include 82-85 Fleet Street, EC4, valued at £70m, the £41m City office block Austin Friars House, EC4, other offices in Victoria and Kensington, and around £40m of prime residential property, including a pair of £17m townhouses in south Kensington knocked together to make one residence.
Another property, Lilly House at 13 Hanover Square, W1, was sold for £69m in November last year.
The son of a Russian billionaire facing sanctions has spent the past two decades amassing a £160m London property portfolio.
Said Gutseriev, a 34-year-old businessman with British and Russian nationality, owns at least seven properties. The properties include 82-85 Fleet Street, EC4, valued at £70m, the £41m City office block Austin Friars House, EC4, other offices in Victoria and Kensington, and around £40m of prime residential property, including a pair of £17m townhouses in south Kensington knocked together to make one residence.
Another property, Lilly House at 13 Hanover Square, W1, was sold for £69m in November last year.
His father, Mikhail Gutseriev, was blacklisted last year by the EU and the UK for his support of the repressive regime in Belarus.
All of the properties examined were bought before Mikhail was sanctioned. Six were acquired between 2004 and 2012, when Said was either at school or university, or was just starting his career at the FTSE 100 commodities trader Glencore.
Leaked documents suggest Said was given a head-start thanks to his family’s wealth. One of the properties appears to ultimately belong to a trust established by his father in 2007.
A spokesperson for Said said he has no financial or commercial links to his father, and always acts in accordance with applicable law, including on sanctions. The spokesperson did not dispute Said’s ownership of any of the properties.
In the past year, Said is understood to have severed some financial ties with companies previously linked to his father and with Russia and Belarus.
The Guardian said the information about assets linked to him in the UK raised questions about whether sanctions should apply to family members.
The Guardian
