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Panama Papers unmask London property owners

Panama Papers leak, London, Britain - 05 Apr 2016The 11.5m files related to offshore companies leaked from Panama-based law firm Mossack Fonseca this week have revealed secret property interests in London.

Among the largest real estate holdings uncovered was a portfolio of more than £1.2bn owned by president of the United Arab Emirates Sheikh Khalifa bin Zayed Al Nahyan.

Properties in the capital bought by the president through offshore companies included the £446m BHS building on Oxford Street, W1, and the Berkeley Square Estate in Mayfair, W1, according to the International Consortium of Investigative Journalists, which holds the files.

Using offshore structures is not illegal and Mossack Fonseca strongly denies any wrongdoing. However, the practice has been linked to corruption, criminality and money laundering and prime minister David Cameron has pledged to crack down on a system that allows UK property to be owned by companies registered in offshore havens such as the British overseas territories.

Click here to see the latest updates and an interactive map of the properties named in the Papers

To send feedback, email louisa.clarence-smith@estatesgazette.com or tweet @LouisaClarence or @estatesgazette

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