Famed ballerina's sprawling Knightsbridge mansion on market for £65m


Gillian Duncan
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A sprawling mansion once home to a famous British prima ballerina is on the market in Knightsbridge for £65 million, in a listing believed to be the largest this year in central London.

Fonteyn House is where the late Dame Margot Fonteyn, often called the greatest ballerina of her generation, lived during the 1950s and 1960s.

The property is situated opposite the V&A museum, a short walk from Harrods. Covering 15,980 square feet, it has a gated private driveway, a rarity in central London, complete with an automatic turning circle for cars.

Fonteyn House in Knightsbridge is on the market for £65 million. Victoria Pertusa / The National
Fonteyn House in Knightsbridge is on the market for £65 million. Victoria Pertusa / The National

It features six bedroom suites, three reception rooms, a cinema or club room, health spa with gym and a 15-metre swimming pool. The property also has a passenger lift, walled garden, outside dining terrace and a rooftop terrace garden with a kitchen/bar.

Built in 1928, Fonteyn House served as the official residence of the Ambassador of Panama between the 1930s and late 1990s.

It is named after Dame Margot, who married Dr Robert Emilio Arias, a diplomat and son of Harmodio Arias, who was president of Panama during the 1930s.

The main reception room of Fonteyn House, in Knightsbridge. Photo: Caudwell & Alex Winship
The main reception room of Fonteyn House, in Knightsbridge. Photo: Caudwell & Alex Winship

After their wedding, Dr Arias was appointed Panamanian ambassador to the UK, with Fonteyn House serving as the couple’s official residence in London.

Lars Christiaanse, group director of sales at luxury developer Caudwell, told The National during a tour of the sprawling property: “Fonteyn House has an exceptional historical provenance.

“As the London home of ballerina Dame Margot Fonteyn and her husband, diplomat Roberto Arias who served as the Panamanian ambassador, the house has hosted royalty and luminaries from the arts including Princess Margaret, fashion designer Yves Saint Laurent and dancer Rudolf Nureyev.

Cinema room.Fonteyn House in Knightsbridge. Photo: Caudwell & Alex Winship
Cinema room.Fonteyn House in Knightsbridge. Photo: Caudwell & Alex Winship

“The latter actually lived in the house in 1961 whilst negotiating his Royal Ballet contract.”

Dame Margot and her husband moved to Taplow two years after Dr Arias was shot in Panama City by political associate and rival Alberto Jimenez in 1964, ending his diplomatic career.

The property continued to serve as the Panamanian ambassador’s residence for several decades after that, however, finally relocating to Hertford Street in Mayfair in 1999. Dame Margot died in Panama City in 1991 aged 71.

The property has six bedroom suites, three reception rooms, a cinema or club room, health spa with gym and a 15-metre swimming pool. Photo: Caudwell & Alex Winship
The property has six bedroom suites, three reception rooms, a cinema or club room, health spa with gym and a 15-metre swimming pool. Photo: Caudwell & Alex Winship

The property was sold in 2011, subsequently refurbished and extended over a period of several years and has just hit the market for sale through Caudwell.

The driveway to the three-storey Art Deco-inspired mansion is shared with only one other house and offers parking for up to six cars.

The portico entrance has a marble-floored mirrored foyer, powder room and a long garden gallery with an entrance to the substantial main reception room, which features parquet flooring, a 12-seat dining room and a built-in bar clad in rare marble.

Family room. Fonteyn House in Knightsbridge. Photo: Caudwell & Alex Winship
Family room. Fonteyn House in Knightsbridge. Photo: Caudwell & Alex Winship

Its French doors open out to the garden’s entertaining area, which can accommodate more than 100 guests and has a barbecue area and a raised lawn and lounge area with its own marble fireplace with built-in cinema screen.

The main family living space, on the lower ground floor, features a large family room with lounge seating, a kitchen, 12-seat dining table and an emerald green-coloured cinema room, in a nod to one of Dame Margot’s favourite colours.

Swimming Pool. Fonteyn House in Knightsbridge. Photo: Caudwell & Alex Winship
Swimming Pool. Fonteyn House in Knightsbridge. Photo: Caudwell & Alex Winship

There is also a spa floor with a 15m pool, lounge decks, a waterfall feature, cinema style flat screen, glass-walled gymnasium, glass-walled sauna and marble-clad steam room. In addition, the floor features a beauty salon with a massage bed and hair salon chair, changing rooms, a walk-in shower and toilet.

The principal bedroom suite occupies the entire first floor, providing two separate en suite main bedrooms with dressing rooms.

Dame Margot’s former dance studio has been transformed into a en suite guest room, occupying the second floor, which has three further en suite bedrooms.

Principal bedroom suite. Fonteyn House in Knightsbridge. Photo: Caudwell & Alex Winship
Principal bedroom suite. Fonteyn House in Knightsbridge. Photo: Caudwell & Alex Winship

The top floor of the mansion has a penthouse suite which currently consists of a lounge, with a bathroom and walk-in dressing room. The living space opens onto a rooftop terraced garden with a kitchen/bar and “spectacular” views of the adjacent V&A opposite, said Mr Christiaanse.

“The discreet facade belies the true scale of the property and the exceptional interior design and decor,” said Mr Christiaanse.

“The decor and interior design perfectly complement the architecture of the mansion, with custom furniture and the finest finishes including Arabescato Calacatta and Saint Laurent marble, Portland stone, bespoke fittings, handcrafted oak joinery in a range of unique finishes, comfort heating/cooling, home entertainment and security systems.”

Fonteyn House in Knightsbridge is on the market for £65 million. Victoria Pertusa / The National
Fonteyn House in Knightsbridge is on the market for £65 million. Victoria Pertusa / The National
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Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez

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Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

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Kamindu Mendis bio

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Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

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“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

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The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Most fours: 491 – Gautam Gambhir

Highest individual score: 175 not out – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Highest strike-rate: 177.29 – Andre Russell

Highest strike-rate in an innings: 422.22 – Chris Morris (for Delhi Daredevils against Rising Pune Supergiant in 2017)

Highest average: 52.16 – Vijay Shankar

Most centuries: 6 – Chris Gayle

Most fifties: 36 – Gautam Gambhir

Fastest hundred (balls faced): 30 – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Fastest fifty (balls faced): 14 – Lokesh Rahul (for Kings XI Punjab against Delhi Daredevils in 2018)

 

Updated: August 25, 2024, 3:00 AM