Villa

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Villa les Cedres, the grand estate at St Jean Cap Ferrat, is set for imminent sale and then becoming off limits.
The longtime owners, the Grand Marnier Group is selling their liquor company along with their grand 1800s family home.
But Davide Campari Campari-Milano SpA - the makers of Campari - don't want the prize 14 ha estate.
So the listing of the world's priciest residential offering now looms.
Set on the peninsula to the east of Nice, Villa les Cedres is surrounded by a botanical garden dating back to the 1920s.
The Marnier-Lapostolle family has opened it up for small tour groups of green thumbs several times a year, so it was on Title Tattle's bucket list.
The unexpected sharemarket announcement will see an abrupt end to that quaint possibility when some Russian oligarch or US tech billionaire locks it up behind hedges of high security.
The nearest villa is Maryland where Brad Pitt and Angelina Jolie stayed as guests of Microsoft co-founder Paul Allen. With the Cannes film festival underway this month, Katy Perry and Orlando Bloom were snapped on the luxury Eclipse mega yacht off the coast in what is dubbed the bay of billioniares.
Having holidayed in the region since the late 1980s, and spotting Robson Green there one Easter, I made the dash earlier this month to get through through the elaborate gold leaf gates - a bit like Willy Wonka but with an eye more on the house rather than the Theobroma Cacao, aka choco tree. 
I was pretty impressed by the garden and the estate's tallest tree, an Australian bunya pine (araucaria bidwillii) and also their most recent planting of an historic wollemi pine.
Alexandra Connolly, who runs a local real estate brokerage, suggests it could fetch 200 million euros to 350 million euros, though it’s hard to estimate given the diminished buying power of Russian billionaires who have previously snapped up anything the region in recent years.
A mansion outside Paris fetched a world record price of more than 275 million euros recently.
Nearby Villa Leopolda, on the hillside south of France vantage point, went close to a world record but the deal fell over. Set above Cap Ferrat at Villefranche-sur-Mer, widow Lily Safra accepted an unsolicited Euro 385 million offer from Russian nickel miner Mikhail Prokhorov, who pulled out of the deal and lost his deposit on Leopolda. Russia's richest man then took proceedings for the return of his 38 million deposit, arguing he didn't get a seven-day cooling off period. Safra donated the deposit to charities after a Nice judge ruled in her favour.
Campari plans to keep 80 million euros of the Villa les Cedres proceeds after taxes and brokerage fees, and divide the rest equally among the holders of Grand Marnier’s 85,000 shares so long as the villa sells by June 30, 2021, according to the takeover offer.
This villa, built in 1870, belonged to King Leopold of Belgium from 1904 to 1924.
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Les Cedres, the St Jean Cap Ferrat trophy home set for sale

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An Australian property developer accused of duping two businessmen in the sale of a luxury villa in Bali should be handed a jail sentence, prosecutors said during his trial in an Indonesia court.
Eric Bevan Gillet was arrested in Bali in February after a property deal he struck with two in 2013 allegedly went sour, Fairfax Media reported. 
They are said to have lost 6.7 billion rupiah (about A$659,455) in the deal.
Prosecutors said Gillet, a former president of the South Perth Chamber of Commerce, coaxed Tommy Comerford and Ketut Semadi through "tricks and a series of lies" to buy 10 villas in his Xanadu Lifestyle Resort complex at the popular beachside town of Seminyak.
Prosecutor Purwanta Sudarmaji told Gillet's trial at Denpasar District Court that the Gillet should be jailed for three-and-a-half years for fraud.
Gillet is held in Indonesia's notorious Kerobokan prison having been charged with fraud and embezzlement. 
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WA developer Eric Gillet could face jail over Bali villa sale

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The former stockbroker turned fund manager, Charlie Aitken is backing himself against the upmarket Sydney property market. 
Part of the sale proceeds of his <a href="/news/51461-march-13-stockbroker-turned-fund-manager-charlie-aitken-has-sold-his-darling-point-villa" target="_blank">$10.5 million Darling Point villa</a>, which settles next month, will be put into his $75 million fund, Aitken Investment Management, rather than back into bricks and mortar.
"It's all about backing myself and having a go," he told columnist Philip Baker at The Australian Financial Review.
"I think there is more money to be made in global stocks than there is in the Sydney property market and I'll back my fund over Australian residential property," he says. 
The fund manager Charlie Aitken and wife Ellie sold their Darling Point villa in March, some six months after it hit the market.
After the couple swapped agents, it was offered with revised $11 million hopes through Elliot Placks and Richard Carwin of Ray White Double Bay.
They secured around $10.5 million having bought the five bedroom house, now with Thomas Hamel interiors, for $6.95 million in 2008.
The Mediterranean-style property was bought from William Penfold, the last of the family members to head the country's oldest stationery company, WC Penfold.
The Eastbourne Avenue house sits in gardens designed by Paul Bangay.
It has been bought by emergency financier Tim Odillo Maher and his fashionista wife, Victoria Montano.
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Charlie Aitken's punt on his fund, not Sydney property

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Renovators David Mathlin and Camilla Drover have finished their latest project, and are looking for a flip of around $12 million for their Elizabeth Bay home.
They paid $4.75 million for the <a href="https://www.rwebay.com.au/3324940/" target="_blank">1870s Italianate villa</a> in 2013. It now comes with a price tag of $16.5 million after an extensive renovation.
The Victorian mansion on Elizabeth Bay Road is set over three levels with stained glass surrounds on the imposing entry.
There are four bedrooms, four bathrooms and five fireplaces throughout the home. Verandahs come off the bedrooms and entertaining areas.
The home sits in 483 sqm of landscaped grounds.
Richardson &amp; Wrench Elizabeth Bay agent Penny Timothy has the listing.
Dave and Camilla have previously renovated in Potts Point, turning a 17-room backpackers' hostel into a grand three-storey terrace 
 
 
 
 
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