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Ex-Formula One tycoon Ron Dennis to create sprawling country estate

Ex-Formula One tycoon Ron Dennis is preparing for a slower pace of life after decades in the pit lanes with plans to create a sprawling country estate in Berkshire.

The motorsport veteran has snapped up 175 acres of land in the Thames Valley near Henley only weeks after selling his stake in the McLaren racing team for £275 million, the Standard can reveal.

A property source said the new country estate would be the perfect place for the businessman to keep his extensive car collection.

The 70-year-old is understood to be working on plans to build a mansion and a farm on the land, which comes with several cottages.

Neighbours: Park Place, last sold for £140 million, is next to the land bought by Dennis ((http://www.aldenltd.co.uk/portf)
The father of three, who split from his wife of 22 years, Lisa, in 2008, bought the land at Remenham from Spink Construction, the estate arm of developer Michael Spink’s empire.

The deal was revealed in documents filed at Companies House by Abelo Estates, a company recently created by Dennis.

The plot of land sits next to what was once the most expensive home in Britain, Park Place. Spink bought the Park Place estate for £42 million in 2007 before renovating the 300-year-old Grade II listed mansion and selling it on to Russian billionaire Andrey Borodin for £140 million.

Last year, a Russian court ordered that the Park Place mansion be seized from Borodin, who fled his homeland in 2011 after clashing with Vladimir Putin’s regime over fraud charges related to the Bank of Moscow, which he founded. Borodin, who was granted political asylum in Britain, claims the charges are politically motivated.

Dennis currently lives in a £30 million mansion on the Wentworth estate. He was ousted as chief executive of McLaren last year after falling out with the two other shareholders, Saudi-born businessman Mansour Ojjeh and Bahrain sovereign wealth fund Mumtalakat.

They bought Dennis out of his 25 per cent stake in June, ending his 37-year association with the team, whose drivers have included superstars such as Lewis Hamilton.

Dennis has amassed a fortune put at £450 million. He declined to comment on the plans.


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