Property tycoon Kevin Cash, pictured with wife Carla, has seen his trophy Regent's Park property sold by receivers 'for £6.5million'
Property tycoon Kevin Cash could have been forgiven for believing that the New Year couldn’t be worse than 2018, during which he was declared bankrupt, owing creditors £40 million.
If so, he’s been swiftly disabused. For I can disclose that Birmingham-born Cash, 55, who until recently appeared in various Rich Lists with an estimated £500 million fortune, has seen his trophy London property sold off by receivers.
With six bedrooms, three reception rooms and three terraces, the Regent’s Park property was described as being in ‘one of the most prestigious and sought after’ parts of the Crown Estate — details which presumably encouraged Cash to acquire it for £8.5 million in 2008.
Alas, bidders failed to match his enthusiasm at an auction conducted by London firm Allsop, which was handling the sale on behalf of the receiver.
Allsop, which had listed the property with a guide price of ‘over £7 million’, declines to comment.
But one observer tells me: ‘It didn’t reach the reserve. The receiver then sold it privately for the knock-down price of £6.5 million.’
The buyer, I can reveal, is Rabia Kamani, 56, a member of the family that created online fashion powerhouse Boohoo.com.
Rabia and her brothers, Mahmud, Boohoo’s co-founder, and Nurez, pocketed more than £80 million when they sold 36.6 million shares in the company 18 months ago.
He may have better luck with his Oxfordshire mansion North Aston Hall, pictured, which he put on the market for £28million last year
Cash, whose fourth and current wife Carla was once voted ‘sexiest woman in South Africa’ by lads’ magazine FHM, had alleged that he held the property in trust on behalf of his friend and business partner, Tony Jimenez, a Dubai-based property developer. But records showed that the pad was registered in his name.
Perhaps he will have more luck with North Aston Hall, the sumptuous Oxfordshire mansion where he and Carla used to spend £50,000 a month on groceries and ‘housekeeping’, and which, as I disclosed, he put on the market for £28 million last summer.
It is owned by the Rose Trust, established by his parents, Barry and Sheila.
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Princess Diana's niece Lady Kitty Spencer seems at home at home posing in a bathtub
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‘Scrub a dub dub,’ wrote Kitty alongside the image posted on social media. Lady Kitty was named an ambassador for the jewellery brand last year and her work has taken her to New York, Italy, France and Beijing in the past few months alone.
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