It must be nice to be the offspring of a wealthy man

[Hopeless Romantic]

It is every parent’s desire to give their children the best start in life, but few would ever aspire to buying them a £1million house as a leaving home present. Unless, that is, you happen to be as wealthy as Tony and Cherie Blair.

The former prime minister and his wife have paid £975,000 in cash for a maisonette in west London for their 22-year-old daughter Kathryn, bringing the family property portfolio to nine homes.

Land Registry documents show that the three-bedroom property, which has two bathrooms, a garage and its own lift, was bought on July 23 in the names of Cherie Blair and Kathryn Blair.

It means the Blairs’ only daughter, who is studying law, will never have to worry about mortgage payments as long as she lives in the apartment, which is within walking distance of her parents’ home in Connaught Square.

Since leaving office, Mr Blair is reputed to have earned upwards of £20 million from public speaking engagements and as an adviser to foreign governments.

The Blairs’ latest purchase will serve to intensify scrutiny of how the former prime minister has managed to amass such a fortune in the space of three years since leaving Downing Street.

The family own properties worth a total of £15 million comprising their £3.7 million home in central London and an £800,000 mews house attached, a £5.75 million country home in Buckinghamshire, Mr Blair’s old constituency home in County Durham, flats in Bristol and Strasbourg, and London homes for each of their three eldest children. Nicky Blair, 24, who works as a sports agent, co-owns a £1.13 million town house in London with his mother.

Euan Blair, 26, who works for the investment bank Morgan Stanley, recently sold his £500,000 flat in London to buy a £1.3million house, also with his mother.

A source close to the Blairs said: “Cherie, as usual, has been the driving force behind this. She wants all the children to have a firm platform to be successful in their chosen careers, and that includes not having to worry about being able to afford a home. I think they are long past the stage of worrying how this might all look to other people.”

Kathryn Blair, a student at King’s College London, spent the past year in Strasbourg on an Erasmus exchange scheme, where she lived in a £250,000 flat bought by her parents.

She is expected to move into her new home in London within weeks following refurbishment and redecoration work.

http://www.telegraph.co.uk/news/newstopics/politics/tony-blair/7968858/Blair-home-number-nine-1m-house-for-student-daughter.html

[Nihil]

1. So much for the "Labour" part of his pretence.

> The former prime minister and his wife have paid £975,000 in cash for a
> maisonette in west London for their 22-year-old daughter Kathryn, bringing
> the family property portfolio to nine homes
> ...
> The family own properties worth a total of £15 million comprising their
> £3.7 million home in central London and an £800,000 mews house attached,
> a £5.75 million country home in Buckinghamshire, Mr Blair’s old constituency
> home in County Durham, flats in Bristol and Strasbourg, and London homes
> for each of their three eldest children. Nicky Blair, 24, who works as a
> sports agent, co-owns a £1.13 million town house in London with his mother.
> ...
> Euan Blair, 26, who works for the investment bank Morgan Stanley, recently
> sold his £500,000 flat in London to buy a £1.3million house, also with his
> mother..

Hypocritical shite-houses.

:grr: