Elliott Bernerd | |
---|---|
Born |
Maida Vale, London, England | 23 May 1945
Occupation | property developer |
Spouse | 3 ex-wives |
Children | 2 |
Elliott Bernerd (born 23 May 1945) is a British property developer, the co-founder of the property company Chelsfield with Sir Stuart Lipton. [1]
He was born in Maida Vale, London on 23 May 1945, [2] the only child of a film producer father. His parents divorced when he was 7. [3] [4] He was educated at various schools, leaving Davies Tutorial College, Holland Park, at the age of 15. [4]
Aged 15, Bernerd went to work for Dorrington Investment Trust, with his heart "set on a career in property". [4]
In 1983 he began the development of Stockley Park in west London (he paid £8 million for the site; in 1988, the development sold for £365 million, of which £20 million went to Bernerd). [5] In 1986, he co-founded Chelsfield, which, in 1988, bought Wentworth Golf Club for £17.7 million [5] (also reported as £20 million). [4] [6] Bernerd sold 40% of the club to Japanese investors, raising £32 million, in 1989. [5] In 2004, Chelsfield sold the remaining 60% share, as Richard Caring bought the club for £130 million. [7]
In 1993, Chelsfield acquired the Merry Hill Shopping Centre project, putting up £35 million, alongside £120 million from a group of Saudi Arabian investors (from whom Bernerd received a £6 million finder's fee). Chelsfield later bought out the Saudi investors. [5] By 2004, Merry Hill's value was close to £2 billion. [2]
In 2008, the Qatar Investment Authority purchased a 20% stake in Bernerd's property group, Chelsfield, which owned London's Camden Market. [8] [9]
According to Institutional Investor, Bernerd was a client of a Jersey-based offshore trust company La Hougue which engaged in tax minimisation through legal as well as illegal loopholes and other avoidance measures. [10]
He had two adult daughters with his ex-wife, from whom he was divorced sometime before 1992. [4] His daughter Tara Bernerd is a London-based interior designer. [11] [12] [13]
In 1993, Bernerd was living in Surrey, with his third wife. [14]
Elliott Bernerd | |
---|---|
Born |
Maida Vale, London, England | 23 May 1945
Occupation | property developer |
Spouse | 3 ex-wives |
Children | 2 |
Elliott Bernerd (born 23 May 1945) is a British property developer, the co-founder of the property company Chelsfield with Sir Stuart Lipton. [1]
He was born in Maida Vale, London on 23 May 1945, [2] the only child of a film producer father. His parents divorced when he was 7. [3] [4] He was educated at various schools, leaving Davies Tutorial College, Holland Park, at the age of 15. [4]
Aged 15, Bernerd went to work for Dorrington Investment Trust, with his heart "set on a career in property". [4]
In 1983 he began the development of Stockley Park in west London (he paid £8 million for the site; in 1988, the development sold for £365 million, of which £20 million went to Bernerd). [5] In 1986, he co-founded Chelsfield, which, in 1988, bought Wentworth Golf Club for £17.7 million [5] (also reported as £20 million). [4] [6] Bernerd sold 40% of the club to Japanese investors, raising £32 million, in 1989. [5] In 2004, Chelsfield sold the remaining 60% share, as Richard Caring bought the club for £130 million. [7]
In 1993, Chelsfield acquired the Merry Hill Shopping Centre project, putting up £35 million, alongside £120 million from a group of Saudi Arabian investors (from whom Bernerd received a £6 million finder's fee). Chelsfield later bought out the Saudi investors. [5] By 2004, Merry Hill's value was close to £2 billion. [2]
In 2008, the Qatar Investment Authority purchased a 20% stake in Bernerd's property group, Chelsfield, which owned London's Camden Market. [8] [9]
According to Institutional Investor, Bernerd was a client of a Jersey-based offshore trust company La Hougue which engaged in tax minimisation through legal as well as illegal loopholes and other avoidance measures. [10]
He had two adult daughters with his ex-wife, from whom he was divorced sometime before 1992. [4] His daughter Tara Bernerd is a London-based interior designer. [11] [12] [13]
In 1993, Bernerd was living in Surrey, with his third wife. [14]