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It is every parent’s desire to give their children the best start in life,
but few would ever aspire to buying them a £1million house as a leaving home
present. Unless, that is, you happen to be as wealthy as Tony and Cherie
Blair.
The former prime minister and his wife have paid £975,000 in cash for a
maisonette in west London for their 22-year-old daughter Kathryn, bringing the
family property portfolio to nine homes.
Land Registry documents show that the three-bedroom property, which has two
bathrooms, a garage and its own lift, was bought on July 23 in the names of
Cherie Blair and Kathryn Blair.
It means the Blairs’ only daughter, who is studying law, will never have to
worry about mortgage payments as long as she lives in the apartment, which is
within walking distance of her parents’ home in Connaught Square.
Since leaving office, Mr Blair is reputed to have earned upwards of £20
million from public speaking engagements and as an adviser to foreign
governments.
Euan Blair, 26, who works for the investment bank Morgan Stanley, recently
sold his £500,000 flat in London to buy a £1.3million house, also with his
mother.
Kathryn Blair, a student at King’s College London, spent the past year in
Strasbourg on an Erasmus exchange scheme, where she lived in a £250,000 flat
bought by her parents.
She is expected to move into her new home in London within weeks following
refurbishment and redecoration work.
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