The National Asset Management Agency put the self-styled most expensive country house in the UK on its list of properties under receivership today, adding it to a collection that includes agricultural land in the south of Ireland and pubs in Dublin's inner-city.
Standing on over 200,000 sq m of grounds in the south-east of England, Updown Court has 103 rooms, five swimming pools, a bowling alley and underground garage space for eight limousines, according to its website.
The estate, situated 45km outside London, was put up for sale for over £70 million (€81 million) in 2005 but Nama confirmed today that it appointed CB Richard Ellis as receivers to the property in August.
Nama is one of the world's biggest property groups after acquiring assets ranging from skyscrapers in London's Canary Wharf to farm land in the Ireland as a result of taking €31 billion of loans off the balance sheets of the country's troubled banks.
Nama says the fact that a property is listed on its website among those subject to enforcement action does not necessarily imply that it is currently on the open market for sale.
The total number of properties currently listed is 892.
Reuters