Daily Mail – 18th October 2012
Sitting on a hill inside Spain’s most exclusive private estate, it is just the sort of mansion fitting for a king… or Russian president.
So, it is no surprise to learn that the president of Russia has apparently acquired the purchase of this £15 million palace project in the heart of Zagaleta estate, near Marbella.
The 4,000m² villa is being built on order for President Putin within metres of homes owned by Rod Stewart and the former mayor of Moscow.
Locals have confirmed the 4,000m² villa is being built on order for President Putin
The villa is being built on the top of a inside Spain’s most exclusive private estate Zagaleta (All properties in Zagaleta available through Metta Estates)
The luxury villa, in the Zagaleta, near Marbella has sunken pools and fountains (All properties in Zagaleta available through Metta Estates)
The area has become especially popular with rich Italians, who have been snapping up properties in the region at a vast rate in the past few years.
A British construction company boss, who has undertaken jobs in Zagaleta over recent years, revealed that the property had been bought by the Russian leader.
‘He’s been looking in Zagaleta for a year and finally found this project. He has already knocked down the former home and it is now being rebuilt from scratch. It is an amazing project,’ he said.
While difficult to confirm the purchase definitively, the Russian leader has family living on the Costa del Sol and has recently made ‘two short trips’ to the area, it can be revealed.
Russian President Vladimir Putin has family living on the Costa del Sol and has recently made two trips to the area
A high level security consultant, who had helped organise his trips, confirmed: ‘He has a good relationship with Spain and comes here fairly regularly, but security is obviously of high concern. I know he has been here twice on short trips over the last year.’
Developed by the Bolt Property Group, the home was purchased from British computer mogul Alan Sharam.
Local estate agent Robert Braine Managing Director of Metta Estates revealed: ‘I have been told it has been bought by a politician in the Russian Duma, but I haven’t found out who exactly yet and I guess it could easily be President Putin. Metta Estates have sold several in Zagaleta this year to wealthy Russian clients”
‘There has been continual talk of him buying here for the last year. It is certainly an incredible project, but it is a place to get lost in rather than live in, you own the hill, in fact you’re king of Marbella.
‘The retaining wall alone is said to have cost around £4.5 million,’ he added.
Sitting on an 18,000m² plot, the project – one of the largest in Marbella – boasts its own spa and gym, a cinema, piano bar and two swimming pools.
The epitome of extravagance, it has 10 bedrooms with spectacular views towards Gibraltar, North Africa and inland to the Serrania de Ronda.
Conveniently, it counts its own heli-pad and there are now direct flights to Moscow from nearby Malaga airport to make life easier for its new Russian owner.
The landscaped gardens have sunken pools and fountains and there is a 10-car garage, as well as parking space for 22 friends.
The development, which has 24-hour high security, already counts numerous politicians and multimillionaire business men.
Once owned by arms dealer Adnan Khashoggi, the cheapest homes start at £3 million and the membership fee for the golf club and clubhouse alone cost over £80,000 a year.
The property is one of the largest in Marbella and has its own spa and gym, a cinema, piano bar and two swimming pools
The 10-bedroom villa has breathtaking views towards Gibraltar, North Africa and inland to the Serrania de Ronda
(All properties in Zagaleta available through Metta Estates)