The sale of a Grade I listed mansion formerly owned by Lord Kitchener has been advised on by the corporate team at Pannone Corporate.
Broome Park Mansion House was on the market for £6m and has been sold by Diamond Resorts Group to an associate of Pyrrho Investments Ltd part of the Hong Kong based Bonds Group.
The Pannone Corporate team advised Diamond Resorts Group.
Broome Park Mansion House was built in 1638 during the reign of Charles I and has been split into 18 holiday apartments with 14 holiday lodges.
The property was once owned by Earl Kitchener of Khartoum, the English military figure pictured in the iconic ‘Your country needs you’ poster.
Anson Chan, chairman and chief executive of real estate developer the Bonds Group, said, “We are very pleased with the acquisition of Broome Park, its long history and connection to Lord Kitchener are particularly appealing to us. It is my intention to restore it to its former glory over the next few years.”
Mark Winthorpe, who led the Pannone Corporate team said, “We were delighted to advise on the sale of the estate which has such historical significance and wish the new owners every success with their plans to redevelop the estate to a hotel resort.”
Jeremy Jones, director at Christie & Co brokered the sale. Paul Smith and Harriet Clarke of Osborne Clarke LLP acted for the purchaser.