SALE BY MARQUESS

Evening Post, Volume CXXV, Issue 116, 19 May 1938, Page 9

SALE BY MARQUESS

100,000-ACRE ESTATE

PRICE SAID TO BE £5,000,000

CITY OF CARDIFF

(United Press Association—By Electric Telograpli—Copyright.) LONDON, May 18. Probably the largest British, property deal ever made is the sale by the Marquess of Bute of nearly the whole of the Mountjoy estate of 100,000 acres in South Wales, including half the city of Cardiff. The price is stated to be £5,000,000. The name of the purchaser is not disclosed, but it is believed to be a company which is being formed to develop the- property.

(British Official Wireless.)

(Received May 19, J1 a.m.) RUGBY, May 18,

The Mountjoy estate, which has been sold by the Marquess of Bute, is understood to be nearly all ground rents, shopping streets, commercial areas, and factory sites. Sonie 20,000 houses, a thousand shops, 250 public houses, and several theatres and cinemas are in-

volved,

The venders of the estate are a company comprising members of the Bute family, of which Lord Bute's two sons, the Earl of Dumfries and Lord Robert Crichton Stuart, are the financial' directors.

Lord Bute, who is at present abroad for an indefinite period, has sold very extensive properties since he succeeded to the title and the property in 1900. He is one of the largest property owners in Britain, owning about, 117,000 acres, and in addition to Cardiff and Caerphilly castles he owns Kimes Castle and Guadacorte Castle, at Roque, in Spain.