Sharif family’s London empire is worth £32 million: UK newspaper

  • One of the most priced properties of them is Avenfield flats, now worth at least £7 million
Pakistan

LONDON – In its latest report on the properties owned by the ‘super rich’ family of former prime minister Nawaz Sharif, a UK paper on Sunday revealed that the assets Sharif family owned in London were estimated at least £32 million.

One of the most priced properties of them is Avenfield flats, now worth at least £7 million, Daily Mail reported.

The flats are at the centre of corruption charges the Sharif family is facing in Pakistan, where the former prime minister has lived when in London since 1993, knocking four luxury flats together to make a single mansion.

£7million: Avenfield House is located in Park Lane, London, and has a view of Hyde Park

According to the paper, the family are also accused of using dirty money to buy at least 21 UK properties on top of the Avenfield flats, most at equally grand Central London locations, in Mayfair, Chelsea and Belgravia.

“The total value of the properties is estimated at least £32 million,” it added.

Family home: Inside plush Avenfield House in Mayfair, created after four luxury flats were knocked together

Pakistan Tehreek-e-Insaf Chairman Imran Khan on Sunday tweeted the link to a report in Daily Mail titled “Penthouse pirates: How the mega-rich former prime minister of Pakistan and his sons have ploughed millions into London’s swankiest addresses to amass a vast property empire.”

“More on how the Pakistani nation’s wealth was looted through money laundering by corrupt rulers and their families,” Imran wrote.

The Daily Mail report refers to the Avenfield properties — on which one of the references filed by the National Accountability Bureau (NAB) against the Sharif family is based.

The report stated: “The family has made huge profits from other sites which have not figured in court – such as the swankiest address of all, at One Hyde Park Place, which Nawaz Sharif’s son Hassan sold for £43 million. Untangling the web of the Sharifs’ British real estate portfolio is not easy. The properties are registered via a bewildering network of companies, trusts and bank accounts.”

It also shared details of Sharif family properties in London.