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Room for 8 Limos, 6 Horses and 2 Royal Palaces.

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| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Moscow Times)

It was designed with a rich Arab buyer in mind, but times have changed. Chances are high that Britain's most expensive property will be bought by a Russian.

Dubbed the first stately home to be built in the United Kingdom in more than three centuries, Updown Court, which goes on sale this week for over ?70 million ($135 million), is also the most expensive property ever to hit the British real estate market.

In addition to 103 rooms in four principal buildings, the 23-hectare estate, whose grounds are larger than those of royal residences Buckingham Palace and Hampton Court combined, features five swimming pools, a private cinema, a heated marble driveway, a bowling alley, a tennis court, a garage for eight limousines, and a stable for six horses, as well as a state-of-the-art security system and a panic room against terrorist attacks.

"We have incorporated everything you can think of or that anybody can want. This is truly a mansion of the 21st century -- there is nothing like this house available," said Leslie Allen-Vercoe, the developer behind the property, in a telephone interview from London.

Located in the village of Windlesham in Surrey, 45 kilometers from central London, Updown Court is at the heart of the so-called Golden Triangle, which has the country homes of such well-known figures as Queen guitarist Brian May and the family of Dubai Sheik Rashid Al Maktoum.

"The original design was very much Arabic six or seven years ago, when we started work on Updown Court," Allen-Vercoe said. "Arabs were major players on the real estate market back then."

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