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Summer 2010








TOP 10

Magnificent chateau with vineyard in Savoie Asia’s most spectacular beachfront estate

The perfect minimalist villa in Ibiza

Luxury penthouse in Miami

The investment argument Stunning hotel pools of Thailand



Welcome to THE ADDRESS Magazine - celebrating the world of Luxury Real Estate, Food & Travel THE ADDRESS Magazine is an international showcase for distinctive properties, featuring the latest and most exquisite offering in luxury real estate. Each issue of THE ADDRESS features some of the most spectacular properties currently available for sale in the world - a lavish penthouse with spectacular views, a luxury ski chalet in the Alps or an exquisite villa facing a glorious beach and much more. Whatever your idea of luxury living may be, you will find a selection of properties which embodies it, right here (page 22). Don’t miss this issue’s Piece de Resistance – a cutting-edge, contemporary villa in Mallorca. This villa boasts an amazing modern, sculptural look (page 4). There is a rare opportunity to acquire an ultra-luxurious ski chalet in legendary Megève (page 14). The penthouse at W South Beach is one of America’s most amazing penthouses available for sale (page 8) and there are simply not enough superlatives to describe Asia’s most glamorous beachfront estate (page 10). Our property features in this issue are ‘Cayman Islands – The Investment Argument” (page 18) and ‘”Buying a French Leaseback Property” (page 82) We also ask our Food & Travel Insider Kang Leong to open his address book to some of his best-loved places in one of his favourite cities in the world, London (page 92). Another travel inspired feature is a top 10 list of amazing hotel pools in Thailand (page 86). In the food section, there is a feature about salt, where you can discover some of the better-known and the more unusual salts from around the world (page 110). I doubt that you will be able to resist the delicious recipes in our Kitchen Confidential feature. Two exceptional Chefs share some of their recipes; Vivek Singh of The Cinnamon Club, London and Marco Moreira of Tocqueville, New York (page 100). In this issue we also share some of our recent discoveries of global style, design and good living (page 90). I do hope that you enjoy this summer issue of THE ADDRESS Magazine. If you come across anything you’d like to comment on or share with us and other readers, please email your comments and recommendations to Explore and Enjoy THE ADDRESS!

Editor-in-Chief 2

Contents Summer ‘10 PIECE DE RESISTANCE Cutting-edge, contemporary villa in Mallorca 4 BEST PENTHOUSE Luxury penthouse with a WOW factor in Miami Beach 8 BEST OF MODERN Asia’s most spectacular beachfront estate 10 BEST OF SKIING One of Europe’s most elegant chalets 14 TROPHY PROPERTY Ex Villa of Sophia Loren and Carlo Ponti 16 LUXURY REAL ESTATE Algarve (Portugal) 22 Amalfi Coast (Italy) 26 Bali (Indonesia) 30 Barcelona (Spain) 32 Capri (Italy) 36 Cyprus 40 Dubai (UAE) 42 Ibiza (Spain) 44 Kui Buri (Thailand) 48 Madrid (Spain) 50 Mallorca (Spain) 52 Miami (USA) 56 Phuket (Thailand) 60 Savoie (France) 64 Sicily (Italy) 68 Silver Coast (Portugal) 70 Sitges (Spain) 72 Tuscany (Italy) 76 Utah (USA) 80 PROPERTY INSIGHTS Buying a French Leaseback Property 82 PROPERTY INSIGHTS Cayman Islands, the investment argument 18 FOOD & TRAVEL Insider’s Guide London 92 FOOD & TRAVEL Kitchen Confidential: Leading Chefs share their recipes 100 FOOD & TRAVEL Top 10 amazing hotel pools of Thailand 86 FOOD & TRAVEL Salt: the essential flavour of the infinite 110 THE ADDRESS LIKES Global style, design and good living 90 WAIT, THERE’S MORE Subscribe 114 WAIT, THERE’S MORE Can’t wait to tell a friend 114

COVER PHOTO: Cutting-edge, contemporary villa in Mallorca (page 4). THE ADDRESS Magazine is published by W International Management Ltd Email: Tel: +44 20 7095 8700






hose who love fine architecture cannot help but be bedazzled by this modern, architect-designed, avant-garde villa in Mallorca. It boasts an amazing sculptural look. With an outstanding minimalist design, the villa is the epitome of luxury living. The modernist house enjoys a coveted location and is within walking distance of the attractive town of Pollensa, in the north of Mallorca. The stunning southfacing villa is nestled in a serene setting, surrounded by nature and boasting fine mountain views. The villa comes with a spectacular living room, with fireplace, and direct access to a terrace. There is also a dining room and a Bulthaup gourmet kitchen, opening onto a covered terrace. The dream master bedroom features its own large, south-facing terrace. There are three more bedrooms, all with access to the lovely garden and pool area. The sleek villa sits on a 1,800m² property that features mature garden with majestic trees, an impressive swimming pool and a gazebo. The villa’s design makes for a stunning architectural statement. Price: ₏2.8 million. CURRENTLY FOR SALE WITH

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with a WOW factor


The Penthouse at W South Beach - the most coveted address in Miami Beach


ho can dispute that the penthouse is the king of all apartments? From its elevated location overseeing land and sea, with space and privacy, the penthouse offers supremacy above all other units. This luxury penthouse, housed in W South Beach, Florida, is no exception. Situated on 300 feet of pristine oceanfront property and only minutes from Lincoln Road Mall and the Art Deco District, the location is superb and the unobstructed views outstanding. With more than 2,700 sq.ft. of living space, the penthouse was furnished by the awardwinning designer, Yabu Pushelberg. It offers 3,300 sq.ft. of rooftop terraces with private pool. This elegant 3-bedroom penthouse is the ultimate in luxury living. You will have access to all hotel facilities - from the internationally acclaimed Mr Chow, to the Spanish-influenced Soleรก and six destination bars. There are two pools by the ocean, a stateof-the-art fitness centre, rooftop courts for tennis and basketball and a Bliss Spa. This penthouse at W South Beach offers the best of both worlds, combining all the comforts of your own luxury penthouse, with the exceptional staff and service provided by W Hotels. Price: US$8 million. CURRENTLY FOR SALE WITH

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Contemporary luxury on a grand scale Asia’s most spectacular beachfront estate




his ultra-private, ultra-luxurious 4-acre oceanfront villa estate is undeniably exceptional, boasting stunning views, amazing design and refinement. Asia’s most glamorous home features a massive 6,000m² of indoor living space – designed for absolute privacy. The prestigious estate is located on Natai Beach on the southwest coast of Thailand, in the Phang Nga province. The beach is considered one of Asia’s most exclusive and luxurious waterfronts and is often referred to as Thailand’s Hamptons with large, gated oceanfront villas and luxury resorts. Natai Beach offers access to a wonderland of national parks, waterfalls, untouched pristine 12

beaches and sparsely populated islands, yet it is less than one hour from Phuket’s world-class shopping, restaurants, spas, golf courses and hospitals, and just 20 minutes from Phuket International Airport. The villa is designed by Hong Kong architect Branko Pahor, who has created many of the most extravagant villas in Greater Phuket. With granite, marble, glass and steel, the exquisite details throughout are second to none, and the architectural masterpiece is decorated with over US$2 million in luxury furnishings from around the world. The mega home is ultra-modern with walls of glass, framing the never-ending views of

the azure Andaman Sea. The master bedroom is 500m² of stylish white space with its own swimming pool. The three guest rooms are decorated in various Asian themes, including a 350m² Japanese-style bedroom with its own enclosed Zen garden.  The ϋber-stylish home boasts all the amenities you dream of. A spa includes a steam room and sauna to accommodate a dozen guests, and houses an even larger outdoor Jacuzzi. Special attention has been given to the in-house, 350m² fitness area. With its 80 pieces of equipment, yoga area and free weights, it must be one of the best private gyms in the world.

The estate also features a massive home cinema, karaoke room, 2-lane bowling alley, tennis courts and beachfront 2-hole golf course. This sensational beachfront villa estate invites grand entertaining and serene living. Price upon request. CURRENTLY FOR SALE WITH

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For the pinnacle of luxury, prestige and privacy - one of Europe’s most elegant chalets in a magnificent Megève setting


retty and chic, Megève, in the Haute Savoie region, exudes old-fashioned charm with its narrow streets and intimate squares. Extensive skiing facilities, trendy boutiques and superlative restaurants combine to make Megève a serious contender for the title of most stylish resort in the Alps.

A wellness centre with gym, sauna, massage area and pool is under construction.

This exceptional French ski chalet is a perfect example of the height of luxury, exclusivity and privacy.

The ski chalet is one of those rare mountain homes that truly defines Alpine luxury. Très magnifique!

The elegant mountain home is located in the heart of the Mont d’Arbois area and offers 600m² of luxury living space and serene refinement. The interior is an excellent mix of living and entertaining space, each room conceived and executed with finesse and flair. There are six bedrooms and ample living space.

The chalet sits in what is arguably the most sought-after spot in the area. A sunny location offers stunning views and whilst extremely private, the chalet is just a minute from the ski lifts.

Price upon request. CURRENTLY FOR SALE WITH

Luxury Ski Properties +44 (0)20 7095 8701



Amalfi Splendours A spectacular cliff-top location for a celebrity lifestyle


nce the residence of Sophia Loren and Carlo Ponti, this celebrity villa on Amalfi has been enjoyed as a luxury retreat by royalty as well as the Hollywood elite. The magnificent villa estate boasts a majestic setting with commanding views.

The large 27,000m² property with sprawling gardens features a tennis court, 6-car garage and, down by the sea, boat moorings on both sides of the peninsula. The fastest way to get there is by the funicular (cable car) that extends from the road, to the home and sea house.

The main residence offers 600m² of living space, along with 700m² of terraces with panoramic views. In addition, there is a separate 2-bedroom property in a Norman Tower on the estate, and a 160m² apartment is under construction.

This villa is the epitome of classic glamour. Price upon request.



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Cayman Islands

The Investment Argument Cayman Islands are fast attracting the eyes of global discerning property investors. Where else in the world does anyone do a better job of combining safe, vibrant luxury living in such stunning surroundings, together with a worldclass financial industry? Cayman Islands boasts political stability, excellent transportation and communications and the highest per capita income and standard of living in the Caribbean region. On the financial side, Cayman Islands has the 10th most valued currency in the world, its own stock exchange, no taxes on profits, capital gains or income and no withholding taxes. Together, it spells an attractive return on investment. Let’s take a more in-depth look into what makes Cayman Islands such an interesting option for those searching for the next property investment.

Strong, tourism-driven economy Cayman Islands has enjoyed stable economic prosperity for many years, with steady GDP growth fuelled by tourists who are attracted to its clean, friendly and safe ambiance. The islands’ vast, unspoilt beaches, crystal-clear waters, wonderful reefs, duty-free shopping, scuba diving and deep-sea fishing attracted more than 1.9 million visitors in 2008. Grand Cayman is one of the world’s most revered scuba diving destinations, with more than 130 dive sites surrounding the island. Here, you will also find one of the Caribbean’s best sandy beaches, Seven Mile Beach. Tourism accounts for about 70 percent of GDP and 75 percent of foreign currency earnings.

Thriving offshore financial centre The Cayman Islands is the 5th largest financial centre in the world, after New York, London, Tokyo and Hong Kong, with $1.5 trillion in banking liabilities. It is also home to over 40% of all hedge funds. More than 93,000 companies were registered in the Cayman Islands as of 2008, including almost 300 banks, 800 insurance companies and 10,000 mutual funds. The country has more registered businesses than it has people and 45 of the world’s 50 largest banks have subsidiaries or branches in the Cayman Islands. Since 1997, The Cayman Islands has had its own stock exchange — the CSX — with more than 1,450 listings and a market capitalization in excess of $123 billion. The Cayman Islands Stock Exchange is one of the world’s fastest growing international exchanges. Caymans is home to the 10th highest valued currency in the world. The official currency is the Cayman Islands dollar (CI$), which is permanently fixed at an exchange rate of CI$0.80 to US$1.

Political and legal stability In 1962, Cayman Islands elected to remain a British colony, a decision that was seen as aimed at maintaining its reputation for political stability. It is one of 14 British Overseas Territories. The country has a long history of parliamentary-style government, with legislators elected every four years. It is still subject to Britain in matters of foreign policy and defence. The legal system is based on


English Common Law and is complemented by local laws. The courts operate under the English system, and the highest appeal is to the Privy Council in London.

Strong economy and attractive business environment When it comes to doing business there, the stable economic and political climate, absence of exchange controls, modern infrastructure and state-of-the-art communication systems put the Cayman Islands on par with the best economies in the world. Add a lucrative banking environment, sound legal framework and responsive government to the equation, and it’s not difficult to understand why so many companies choose to make the Caymans their address. The government has also established the Department of Commerce and Investment (formerly CIIB), an investment agency with a mandate to facilitate and stimulate long-term investment in all sectors of the economy. With low inflation and just 4% unemployment, the fundamental strength of the economy is evident.

Growing population With a current population of 49,035, the CIA World Factbook lists the Cayman Islands as the 35th fastest growing population in the world, at an annual rate of 2.39%. The Cayman Islands boasts a highly educated workforce, with over 82% of the labour force having completed at least a high school degree, and 26% having completed a postsecondary degree from a local or overseas institution. English is the official language, but there are over 100 nationalities residing on the three islands, making the country one of the most cosmopolitan work environments in the region.


High standard of living With an average income of around $42,000, Caymanians’ standard of living is not only the highest in the Caribbean, it’s one of the highest in the world.

Zero Taxation The absence of any direct taxation makes the Cayman Islands stand apart. It has no local income tax for individuals or incorporated companies. There is no property tax, no capital gains tax, no inheritance tax, no sales tax and no tax on non-residents. Instead, the government derives its revenue from company registration fees, stamp taxes, import duties and other non-income orientated taxes.

Location & Accessibility The Cayman Islands is made up of three islands - Grand Cayman, Cayman Brac and Little Cayman. Miami is only an hour away by plane and eight major international airlines make more than 55 weekly flights into Cayman direct from the United States, Canada and Britain. The Caymans’ national carrier serves its own three islands, plus the United States with flights to Miami, Houston, Tampa, Orlando, Fort Lauderdale, Boston and Chicago; Jamaica to Kingston and Montego Bay; as well as Havana. U.S. carriers offer direct links from such cities as Atlanta, Miami, New York and Charlotte. Regular, direct scheduled flights departing from London Heathrow to Grand Cayman’s Robert Owen International Airport are available through British Airways. Plans are to triple the Cayman airport’s terminal capacity and add routes into the islands from northeastern locations such as Chicago, traditionally considered one of the top five sources of U.S. visitors.

No restrictions on property ownership There are no legal restrictions on foreign ownership of property when the property is for the personal use of the owner, making Cayman very attractive to overseas investors. Most properties in the Cayman Islands are freehold, although there are a few leasehold properties. Title to Cayman Islands property can be held by individuals, either alone, jointly, or in the name of a company. To protect ownership and rights to property, the government has set up an efficient system of land registration under the Registered Land Law. The title to property in Cayman is ”absolute” (fee simple). Based on the Torrens System, each property has a property register. Buyers may examine the records for any property to check whether there are any liens, charges or restrictions on it. Title is guaranteed through the government, making title searches unnecessary.

Residency Anyone wishing to live in the Cayman Islands without any kind of employment may apply to the Chief Immigration Officer for consideration. There are two stages to the procedure; initial residency and permanent residency and initial residency will be granted only if it appears that the applicant will qualify for permanent residency. Initial Residency: Applications are granted for a six-month period but can be renewed providing the Authorities are satisfied that an application for permanent residency has been made or is about to be made. The prospective resident must show that he/she does not need to work in the Cayman Islands to support himself or his dependants, and that he/she

is of sound mind and in good health. At this stage, there is no need to acquire or prove ownership of real estate. Permanent Residency: The second step is to apply for making the initial residency permanent. At this stage, the applicant is expected to have met the necessary property purchase or investment requirement. Once a person has been granted permanent residency, no further permission is necessary to enter or remain in the Cayman Islands. Permanent Resident Permitted To Work: A permanent resident may, after two years of continuous residence, apply for a work permit. The Immigration Board will take into consideration the applicant’s standing in the community, as well as any contributions he/ she has made to the community. Permission is usually restricted to a specific occupation and there is a required annual fee.

A global leader in the registration of the finest yachts The Cayman Islands is the world’s leader in the registration of mega-yachts, all of which fly either a Cayman flag or the UK’s prestigious Category 1 Red Ensign as they sail to glittering international ports across the globe. Beyond those excellent tax provisions, the Caymans offers the protection of the British Royal Navy and British embassies worldwide, as well as more hassle-free entry into the EU and the Mediterranean than U.S.-flagged boats enjoy. Looking for a fantastic lifestyle that also allows you to have an attractive property investment – Cayman Islands are hard to beat. For more info about Cayman Islands property, contact International Luxury Real Estate -



COOL & CONCEPTUAL The pristine white makes the villa as minimalist and elegant as a home can get


here is a principle of design that simplicity is beauty. It is a principle that speaks eloquently through this ultra-modern home in Portugal’s Algarve region. The white structure is elegant and stylish. The extensive use of sweeping glass windows and large, spacious interiors gives it a grand and minimalist look. The contemporary luxury home will offer state-of-the-art features in its 460m² of living space, including five bedrooms with ensuite bath. There is a separate staff apartment, two swimming pools and a 350m² basement, with elevator to all three levels. A private garden covers 4,650m².


The property is located in Vilamoura’s most sought-after location Pinhal Velho. It is immediately adjacent to the Millennium Golf Course in Vilamoura, one of Europe’s premier golfing destinations. Also within a short distance of the luxury villa are several other superb golf courses, spas and Vilamoura Marina with its wide selection of restaurants and shops. Price: €1 million (plot only). Estimated building cost: €800,000. Planning permission is in place. CURRENTLY FOR SALE WITH

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Dramatic and sleek With spectacular panoramic views of the Algarve countryside and the Atlantic Ocean, this ultra-modern villa, built to high specifications, is designed by the award-winning architect Vasco Vieira



his spectacular, modern villa is located in an exclusive gated community in the hills of Goldra, on Portugal’s Algarve coast. The ultra-modern, state-of-the-art designed villa demonstrates the innovative manner Vieira employs in carrying out his vision to change the face of the Algarve’s architecture. Vieira is noted for creating works that are completely contemporary while maintaining the essence of the Algarve through the use of local materials and quality of light. The 5-bedroom villa boasts breathtaking, panoramic views of the coastline and the

ocean. It features a rooftop terrace with Jacuzzi, home cinema, gym and sauna, 3-car garage, large heated pool and landscaped gardens. World-class golf courses, superb restaurants and stunning beaches can be found just a short drive from the privacy of Goldra. Price: €2.5 million. CURRENTLY FOR SALE WITH

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Palatial living Historic, ultra-luxurious palace with commanding views of Capri and furnished with antiques and art



rom its privileged position directly above the Bay of Positano, this magnificent palazzo is one of the most spectacular private homes on the Amalfi Coast. The ultra-luxurious villa was built in 1716 as an Episcopal residence during the Baroque period, noted for its ornate extravagance. The villa maintains original features that include coffered ceilings with original Baroque decorations, lacquered doors, painted murals and frescoes, and antique terracotta floors. You will also find 5-foot-tall terracotta vases, which were originally used to store wine, oil and grain. The painstaking, 7-year restoration created a villa that boasts the highest standard of luxury. The villa is completely furnished with precious and rare antiques, each piece carefully selected to reflect the style and period of the villa’s construction. Outside, the sumptuous palazzo features detailed architecture, an elegantly formal

facade, three expansive front terraces and a private garden. Inside, you will find a professional kitchen, private spa with heated pool, Turkish bath, sauna, massage area and private sunning deck with hydro-massage pool. There is also a private chapel that contains the original altar. If you are searching for a palatial villa with a strong celebrity track record, this one’s for you. Among the many guests to have holidayed here are Giorgio Armani, Justin Timberlake, Jessica Biel and Madonna, plus a host of business leaders and aristocrats from North America and Europe. Price upon request. CURRENTLY FOR SALE WITH

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Priceless panoramic views

With its stunning coastal setting on the famed Amalfi Coast, this elegant villa enjoys breathtaking sea views


he Amalfi Coast offers an abundance of picturesque towns, gorgeous scenery and endless vistas. With its natural beauty and sparkling blue waters, it is one of the most magnificent coastlines in the world and is a perennial favourite of those in search of that special villa. This home enjoys a privileged location on a quiet, elevated location that overlooks the legendary coast. It boasts amazing sea views from all terraces and rooms, including the four bedrooms, as well as the pool deck on top of the villa.

The property boasts a garden and parking space for four cars. Just minutes away lie the sea and the Amalfi town centre. The house is being sold fully furnished. Price: â‚Ź5.3million. CURRENTLY FOR SALE WITH

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Ultra-modern residences in a beautiful, scenic setting overlooking the Indian Ocean


ith the warm waters of the Indian Ocean lapping its shores, Bali is one of the most beautiful places on Earth. White sand beaches stretch along the coast. Inland, hillsides are terraced with jewel-green rice paddies and forests are dotted with ancient temples. The thousands of these centuries-old shrines scattered across the island are evidence of Bali’s deep, enduring spirituality. It is all part of what makes Bali a compelling, authentic and utterly singular destination. 30

Blending harmoniously with the tradition, the monastic beauty of Anantara Uluwatu Resort & Spa offers the opportunity to enjoy Bali in the utmost luxury through ownership of sensational villas, exclusive penthouses and ultra-modern condos. Anantara Uluwatu Resort & Spa is located along the southern tip of the Bali Peninsula. The villas and condos sit dramatically at the edge of a cliff that faces the Indian Ocean, offering breathtaking views of the sea.

The modern minimalist design creates a seamless architectural interplay between the inside and the outside. As owner of a residence at the resort, you will enjoy all the services and amenities on offer at the Anantara Uluwatu Resort & Spa, including its three restaurants, a dining cove, infinity pool, children’s club, spa, fitness centre and mini-theatre. As a fully integrated hotel, resort and spa destination, Anantara Uluwatu offers you the opportunity to participate in the rental

program. You will be able to enjoy free stays of up to 21 nights per year, whilst earning a guaranteed yield of 8% per year. Surrender yourself to the enchantment of Bali’s beauty and serenity in the luxury of flawless perfection. Prices from US$320,000. CURRENTLY FOR SALE WITH

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CLASSIC GLAMOUR Rare opportunity to acquire a classic luxury villa with large private garden, in a premium Barcelona location



ating back to approximately 1925, this classic luxury villa boasts the hallmark architectural characteristics of a period when space was no obstacle. This elegant property occupies a prominent position in one of the city’s most desirable areas, Barcelona’s Zona Alta, La Bonanova. This is primarily a residential area, with many excellent restaurants, bars and boutiques scattered throughout the neighbourhood. The area is close to many of the best international schools, which makes La Bonanova properties extremely popular with international families looking to relocate to Barcelona. The grand villa offers 955m² of living space and consists of eight bedrooms, three interconnecting reception rooms, main living room, dining room and kitchen with breakfast

room. The second floor is currently used as a separate apartment, with three bedrooms, large living areas, kitchen and breakfast room. The rooms are spacious, the ceilings high and many of the original architectural features have been maintained. The residence is surrounded by a magnificent, 2,068m² garden, a rare find in this part of Barcelona. There is also a rooftop terrace. This spacious family villa with garden, in an exclusive area close to the city centre, could be the best location in Barcelona. Price upon request. CURRENTLY FOR SALE WITH

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Absolute Luxury T A contemporary villa that makes a definite design statement with striking architecture and stunning views


his state-of-the-art designer villa boasts exceptional views of the Mediterranean Sea and the mountains. It features a stunning contemporary design and a superb location, just a 10-minute drive from the beautiful beaches of Castelldefels and 20 minutes from Barcelona. Castelldefels is the ideal place to enjoy the best of Barcelona, with the extra benefits of life in a charming coastal town. In addition, its proximity to the English and international schools on the outskirts of Barcelona makes Castelldefels

an extremely popular area for international families looking to relocate to Barcelona. The villa is beautifully finished and built to a very high standard, affording spacious, contemporary living. It boasts a massive living space of 740m² on a 1,100m² plot of land. The interior of the house has been designed with exceptional taste, through use of wood, glass and marble. Floor-to-ceiling windows in the living areas and bedrooms maximise the expansive sea views. The cutting-edge home

features a breathtaking two-storey living room that opens out to the terrace, swimming pool and garden. It has seven bedrooms, a large kitchen, dining room and huge basement. This is sophisticated, modern living at its best. Price: €3.99 million. CURRENTLY FOR SALE WITH

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Villa with views to die for


or centuries Capri, the legendary island located in the Bay of Naples, has attracted members of Europe’s royal families. Over the years they have been joined by jet-setters actors, politicians and members of the glitterati. Thanks to its undeniable beauty, the Island of Capri has long been one of the most desirable and glamorous destinations in the world. This gorgeous villa, between the city of Capri and Anacapri, sits in a perfect location to experience the panoramic vistas that have made the island famous. From the terrace, you’ll enjoy priceless panoramic views of the Amalfi coast, the Faraglioni and the Bay of Marina Piccola. One of the best places to experience the finest of Capri. Price: €4.7 million. CURRENTLY FOR SALE WITH

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Where history and architecture come together


Beautifully designed, positioned for the views - this distinguished villa has fantastic appeal


illa Lysis, also known as Villa Fersen, is without doubt one of the most prestigious homes in Capri. It has all the right qualities: a unique location, interesting architecture and an exciting history. Built in 1905 in a Neo-classical style by count Jacques d’Adelswärd-Fersen, this magnificent villa is uniquely situated in a dramatic setting. D’Adelswärd-Fersen was one of the most flamboyant visitors to the island. He wanted to build a residence in a secluded area - a romantic place on a cliff overlooking the sea - and create arcs and dome roofs that would give it a classical flair. The end result is a villa that features endless sources of architectural inspiration: the ground floor extends to a pronaos (the inner area of the portico of a Greek or Roman temple),

preceded by a wide, classical temple-style stairway. The gilding seen in the main hall recalls the Viennese Secession. The decorative details of the staircase handrail are in true Art Nouveau style. The 7-bedroom villa features a wonderful garden surrounded by climbing plants and cypresses and boasts stunning views of the beautiful cliffs of Capri. This is a rare opportunity to own a piece of history in Capri. Price upon request. CURRENTLY FOR SALE WITH

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LIFE’S A BEACH 14 luxury seafront villas in a private setting


ith 330 days of sunshine annually and surrounded by the sparkling Mediterranean Sea, Cyprus is attracting an increasing number of visitors. However, sunshine nearly every day of the year is just one reason Cyprus is the location of choice for many people planning to purchase a luxury permanent or second home. The Cypriot hospitality and a relaxed lifestyle are obviously important, too. Also, many discerning clients are attracted by the luxury villas with amazing locations that are dotted along the rugged coastline, alternating between long stretches of sand or pebble beaches and rocky shores. Among the villa developments, this seafront oasis offers a lifestyle unparallelled on the island … close to the city, but seemingly a million miles away. Only a short drive from the centre of Limassol, this is an ultra-luxury residential community, with a beachfront setting that places it in a class of its own. Private and intimate, just 14 of these special villas are planned, each featuring spacious, contemporary design. The modern, elegant villas range from three to five bedrooms plus maids’ quarters. Designed with exclusivity and luxury in mind, the modern architecture offers sweeping sea views through floor-to-ceiling windows. And of course there are the stunning outdoor areas - each villa comes with a private plunge pool that allows you to squeeze every ounce of goodness from the sunshine and the magnificent Mediterranean climate. Prices upon request. CURRENTLY FOR SALE WITH

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Dramatic, ultra-cool and absolutely fabulous Spectacular ultra-modern residences bring world-class design and architecture to Dubai



he Heart of Europe is a 6-island, 12-site luxury development on The World project in Dubai. The first-class destination will offer residents an unrivalled luxury experience. Construction of the Island of Germany, the first of The World resorts devoted solely to private residences, has already started. The island’s ultra-modern villas are everything you would expect from the famed architectural practice, A-cero – contemporary, cool, cutting-edge and utterly beautiful. Only 20 private villas are available for sale. The luxurious contemporary villas all come with dazzling panoramas of the ocean and Dubai’s skyline and have either private beach or garden

on plots ranging from 6,000 to 40,000 sq. ft. The construction of Monte Carlo Island, which also is part of The Heart of Europe, will begin shortly. Monte Carlo Island, the yachting destination and luxury entertainment resort on The World, will include an elite beach and pool club, a fine dining restaurant, bar and nightclub. This is modern living at its best. Prices from AED 6,929,281. CURRENTLY FOR SALE WITH

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A TRIUMPH OF MODERN ARCHITECTURE A perfect modern architectural masterpiece with panoramic views


he outstanding minimalist design of this villa offers an elegant combination of simplicity, luxury and style. From its position in Cap Martinet on the island of Ibiza, the views of the surrounding landscape, the sea, Formentera, the castle and the harbour of Ibiza are stunning. The villa offers 500m² of living space on a 1,200m² plot of land. It features six bedrooms, a large lounge with fireplace, dining room and gourmet kitchen. Glass walls on three sides of the living room open the home up to the magnificent views and allow the natural light to cascade inside. This modern house also features open roof terraces and a swimming pool. Stunning but unassuming, this villa is a rare architectural jewel. Price: €3.25 million. CURRENTLY FOR SALE WITH

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Villa with a view Spectacular front-line villa with stunning sea views and access to a private beach



his gorgeous Mediterranean villa enjoys a prime location in Es Cubells, one of the most sought-after residential areas of Ibiza. It boasts wonderful natural surroundings and, with a privileged location on the sea, incredible views. The elegant villa features several terraces with panoramic vistas, plus a garden with a stunning pool. In addition, there is private access to the beach and the sea, allowing you to indulge that whim for a refreshing swim in the clear Mediterranean Sea.

This lovely villa offers 400m² of living space on a 4,500m² property, and consists of an impressive living room with open fireplace, separate dining room, kitchen and five bedrooms. Price: €3.9 million. CURRENTLY FOR SALE WITH

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Villas by Design A

select number of 端ber-stylish villas are available for private ownership at the X2 Resort Kui Buri. Situated on 4.8 acres of virgin beachfront on the Gulf of Thailand, Kui Buri is only three hours from Bangkok by car, just past the resort towns of Hua Hin and Pranburi. The area is pristine and surrounded by charming fishing villages. With no immediate neighbours, the resort offers the appeal of rural Thailand, with large open spaces and plenty of peace and serenity. The resort harmonizes gracefully with its surroundings of glorious blue waters, stunning beach and pristine natural environment. The contemporary minimalist villas sport stone walls both inside and outside. Rock, timber, bamboo and trees keep the natural spirit of the location untouched and unspoilt, creating a stark contrast to floor-to-ceiling glass panels

and the sparkling waters of the private pool. The residences feature generous bedrooms and bathrooms with indoor and outdoor showers, private terrace, garden and pool. Residence owners may utilize all resort amenities, including a large swimming pool, Spa, fusion cuisine restaurant, late-night bar and rooftop terrace overlooking the glistening waters. This is the ideal getaway from everyday life-stylish, yet unpretentious, modern yet peaceful. Prices from THB 4.4 million. CURRENTLY FOR SALE WITH

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Thoroughly Modern Madrid For a contemporary take on family living, this newly built villa is the perfect choice The villa is a dazzling design statement, with its modern geometric lines. It is beautifully finished and offers a sophisticated, yet relaxed and approachable environment for the family. The luxury villa boasts 871m² of grand living space that includes impressive living areas and seven bedrooms. The 3,000m² plot of land features a large garden and a swimming pool. The villa is ideally located in the prestigious Aravaca district, a very desirable residential area, thanks to its proximity to the centre of Madrid and excellent communications. This stunning family home epitomizes new modern living - pared down luxury with a distinct contemporary edge. Price upon request. CURRENTLY FOR SALE WITH

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UNDENIABLY EXCEPTIONAL An architectural masterpiece boasting front-line location on the sea and breathtaking views


here are not enough superlatives to describe this special, ultra-modern villa. The extraordinary house enjoys a privileged spot - the best possible seaside location in Mallorca. One of the most sensational features is the 6.5-metre-high glass facade that offers dazzling views of the Mediterranean Sea. There is an impressive teak deck with a heated infinity pool, illuminated cascade, Jacuzzi, built-in barbecue and wet bar. Complementing the location and the views, the striking villa features a collection of spaces designed for living in exceptional style - a magnificent, double-height living room with stunning views over the Bay of Formentor; a 12-seat cinema that can be retracted to make room for a dance floor, complete with glitter ball; wine cellar; dining room with wine storage; gym; sauna and steam cabins. The 620m² of living space offers six bedrooms,

including a master suite with Jacuzzi and dressing room. Brands synonymous with outstanding style and uncompromising quality add the final touches to this outstanding elite villa, deluxe names that include Gaggenau, Valcucine, Lutron, Crestron, Dornbracht. Also on the grounds is a discrete, 2-bedroom house for guests or staff. This prestigious villa captures the essence of a sophisticated lifestyle, and represents a singular opportunity to acquire a trophy property in Mallorca. Price: â‚Ź12.95 million (including furniture). CURRENTLY FOR SALE WITH

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Architectural Masterpiece of a Visionary


asterfully designed by the celebrated Uruguayan architect, Alberto Rubio, this iconic villa illustrates perfectly his style, with sweeping curves, spacious open-plan interiors and beamed vaulted ceilings. Rubio, who made Mallorca his home almost 30 years ago, has created several “bird” houses on the island, all with white roofs and undulating curves that are in harmony with nature - the sea, the sky, the coastline. This extraordinary villa is one of Rubio’s masterpieces, a superb example of art beautifully crafted to inspire. Perched on a hilltop, it looks majestically across the Mediterranean Sea. The villa features impressive open-plan dining and living areas with a fireplace and gallery. There are five bedrooms, a fitness and sauna area. The outdoor space offers curved terraces, large infinity pool and outdoor dining and kitchen area. The buyer of this unique house will not only become the proud owner of a fantastic Mallorca property, but also possess a piece of architectural artwork. Price upon request. CURRENTLY FOR SALE WITH

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Luxury Penthouse Living

Fontainebleau is a spectacular blend of Miami’s glamorous golden era and stylish modern luxury



landmark since its inauguration in 1954, the Fontainebleau Miami Beach has been a favourite playground and meeting place for the rich and famous ever since. The guest list reads like a Who’s Who of the entertainment world and is studded with the names of American presidents and international dignitaries. Often referred to as Miami Beach’s Crown Jewel, with 22 acres of oceanfront, the Fontainebleau Resort remains one of the world’s premier destination resorts. Fontainebleau enjoys a phenomenal location, occupying 1,200 feet of stunning ocean shore. The property is situated near the trendy South Beach, the Bal Harbour shops and Lincoln Road boutiques, eateries and galleries, and is just 20 minutes from downtown Miami. Properties such as this 19th floor, luxury 4-bedroom penthouse apartment, with spectacular panoramic views over the Atlantic Ocean, rarely come up for sale on the open market. The penthouse offers 3,400 sq.ft. of living space and comes fully furnished and equipped with ultra-luxurious finishes. One of the most spectacular features is the enormous terrace with priceless ocean views. Residence owners have access to a range of impressive amenities such as a private lounge, pool, 24-hour security, valet parking, restaurants, concierge, housekeeping and laundry services. In addition, owners have full use of all the amenities of the adjacent Fontainebleau Miami Beach. This mix of sophisticated glamour, classic Miami history and modern luxury is yours to own. Price: US$7.9 million. CURRENTLY FOR SALE WITH

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Cool Elegance Timeless Appeal

South Beach’s most exclusive oceanfront residences



he neighbourhood south of Miami Beach’s Fifth Street is heralded worldwide as exceptional. This prestigious waterfront area links Florida’s Intercoastal Waterway to the Atlantic Ocean. It offers secluded luxury living and a unique brand of pristine landscaping, with renowned restaurants and access to the Miami Beach Marina. The essence of SoFi living is private, exclusive and walkability, all in an urban setting. Boasting a prime oceanfront location in SoFi, this property, which consists of a small and select number of modern residences, offers unprecedented luxury in an elegant development. It is the only boutique building in the

area that offers the privacy discerning buyers demand, and lends this address an environment of a home rather than a condo. The courtyard-style development, designed by the architecture firm of Nichols Brosch Wurst Wolfe & Associates, showcases modern luxury oceanfront living at its best. The contemporary open-plan residences range from 1,300 sq.ft. to 6,200 sq.ft., and boast incredible views of the Atlantic Ocean. Stunning east-west flowthrough designs provide natural light from sunrise to sunset. The 28-unit property includes lofts, condominiums, penthouses, cabanas and 2-storey beach houses.

Luxuries include private elevators, floor-toceiling windows, wireless lighting controls, custom home theatre systems and reservation service access. Service quarters with separate entrances are standard to each residence. Kitchens offer gas stoves and elongated granite countertops. Bathrooms have glassenclosed showers and limestone floors. This one-of-a-kind property is for a select few. Price upon request. CURRENTLY FOR SALE WITH

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WHERE DESIGN AND PANORAMAS COME TOGETHER Known for its unmatched tropical lifestyle, Phuket is island living at its finest



he dramatic views of the Andaman Sea from the residences at this boutique development on the southwest coast of Phuket are unforgettable. The condominiums and penthouses, designed by Hans Brouwer, are a contemporary fusion of East & West - simple, stylish, functional, harmonious and very luxurious. High-ceilinged rooms frame the ocean views. Expansive living areas create a seamless indoor-outdoor living experience. Sleek contemporary design complements the site’s stunning setting on a hillside above the pristine Kata Beach.

Residence owners will be able to enjoy a wide range of amenities at the local clubhouse, including a fitness centre, a free-form infinity pool, lap pool, kid’s pool, sun deck and Jacuzzi. This is the ideal place to experience the luxury of tropical island living, all from the comfort of one of Phuket’s most exclusive residences. Prices from THB 22,433,642 million. CURRENTLY FOR SALE WITH

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Supremely Luxurious

This is truly one of the best villas for sale in Asia, offering privacy and exclusivity


et high on the cliffs overlooking the Andaman Sea on Phuket’s famed northwest coast, the location of this ultra-luxury villa is in itself sufficient to make the property stand out as special among the area’s many luxury properties on offer. Add the fact that this elegant villa is located in the award-winning Trisara resort, widely recognized as one of Asia’s leading luxury


resorts, and that it features very high quality finishings, and you have a recipe for a truly exceptional property. This prestigious villa is probably the best you can find in Trisara. It sits on a massive 6,468m² plot of land by the beach. The interior space is equally impressive - the 4-bedroom villa offers 1,041m² of living space, with stunning panoramic vistas.

Villa owners enjoy use of all the resort facilities, including a fabulous salt water lap pool, one of Phuket’s finest restaurants, the drop-dead gorgeous spa, stylish bar and room service. Maids and cooks are available to take care of all your housekeeping and dining needs. You will be able to enjoy unlimited yearround access to your luxury home, although you may want to take advantage of the hotel’s optional rental programme.

If you are looking for the ultimate in serenity and privacy, beauty and exclusivity, this villa is for you. Price upon request. CURRENTLY FOR SALE WITH

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Experience the Extraordinary

This magnificent Savoie chateau stands apart: It is beautiful and picture postcard perfect in its scenic setting


ith generous living space and gardens, this exceptional 19th-century chateau is a work of art as well as a home. Commanding a magical setting on the Lac du Bourget, the historic luxury property provides sensational views of the lake and the surrounding mountains. The fine domaine is impressive in both size and volume, with 2,000m² of living space. It offers 10 bedrooms, several outbuildings and indoor and outdoor pools. The 3-hectare landscaped and secluded park is simply spectacular. The prestigious chateau and the surrounding beautiful grounds offer maximum privacy, all within three minutes of the town centre and the golf course. This finely crafted chateau, located 70 kilometres from Geneva, 3 kilometres from Aix-les-Bains and 40 kilometres from Annecy, offers the ultimate in luxury living. Price upon request. CURRENTLY FOR SALE WITH

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A Vintage Investment Magnificent 19th-century chateau with vineyard in Savoie


o live in France. To make excellent wine in a vineyard of your own. And to have an elegant chateau as a home. Is this not everyone’s secret desire? For the buyer of this beautifully renovated chateau that dates back to the 19th-century, the dream could come true. The delightful 6-hectare estate, conveniently located close to Lac du Bourget and Bassin Chambérien in the Savoie region, comes with an active vineyard. The 800m² chateau features 11 bedrooms, professional kitchen, dining room and impressive reception areas. There is a caretaker’s house, as well as several outbuildings for production and storage of wine. This is Savoie uncorked at its best. Price €3.65million. CURRENTLY FOR SALE WITH

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Own a piece of history A luxury villa in Sicily,


his villa has welcomed members of the British royal family, has been the home to an Italian count and played an important role in the film, ‘The Godfather’. Now it can be yours. Built around 1860, this villa boasts a wonderful, scenic location overlooking the Bay of Naxos. Situated only 500 metres from the historic centre of Taormina, the charming villa, on three floors, offers lovely sea views and more than 1,000m² of living space. There are several reception rooms, including the day room with access to the nearby park, living room, dining room, lounge and a large balcony with beautiful views of the sea. The top floor houses the servants’ area and a kitchen overlooking the inner courtyard. The appropriately grand scale period furnishings blend perfectly with the18th-century inserts, such as fireplaces, seats and niches. The surrounding park and gardens cover an area of 40,000m² (10 acres), extending along the sea. The garden offers dense vegetation,

including palm and coco trees, and many local species of shrubs, almond trees, olive trees, oleanders, prickly pear and cactus. The garden contains many historical and artistic testaments to the ancient Roman and Greek civilizations, including the largest Roman tomb in Sicily dating from the 3rd century AD and a Greek temple dedicated to the worship of the god Pan. As well, there is a Protestant chapel with Corinthian columns. Among the guests who have visited the island are King George V and Queen Mary, Princess Margaret as well as many other royals from around the world, such as the Shah of Iran and Princess Soraya. The property is being sold completely furnished. Price upon request. CURRENTLY FOR SALE WITH

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UNCOMPROMISINGLY MODERN Limited edition design villas and townhouses created by some of the world’s leading architects, without the designer price tag, are available on Portugal’s Silver Coast


ortugal’s stunning Silver Coast, near the beautiful and historic town of Obidos and less than an hour from Lisbon, is the location for Bom Sucesso, a landmark project showcasing the best of contemporary architecture, offering individual architect-designed luxury villas for private ownership. Billed as ”the largest permanent showcase of contemporary architecture,” 23 of Europe’s finest architects were selected to realise this vision. Among them are leading British architect David Chipperfield, renowned Portuguese architect Carrilho da Graca and Alvaro Siza Vieira, the Norman Foster of Portuguese architecture. This outstanding group were given complete freedom to make the best use of land for their designs, with one stipulation - all houses must have green, grass-covered roof, to harmonise the verdant resort and to conserve energy. The modern villas and townhouses afford fantastic views over the golf course, the lagoon and sea. The design is sleek, the architecture contemporary - the residences are truly stun70

ning. 90% of the houses will be single-storey and most villas will have their own private swimming pool, while clusters of townhouses will share pools. Each house is unique, having been individually designed to maximise the benefits of its plot. Bom Sucesso is set within a 400-acre site of magnificent scenery. There is a beautiful dedicated beach just minutes away, the 18-hole Donald Steel championship golf course, swimming pools, tennis club, sailing club, luxury hotel and spa being just a few of the leisure facilities available. Bom Sucesso merges luxury living with the benefits of modern design, while taking advantage of the spectacular landscape. Prices from €250,000 + VAT for townhouses and from €562,700 incl. VAT for villas. CURRENTLY FOR SALE WITH

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CLASSIC ELEGANCE Luxury mansion house with beachfront location in one of the most desirable places in Europe. his outstanding and elegant mansion house The landscaped garden contains a heated enjoys a unique front-line position on the swimming pool and a covered dining area, water in the desirable seaside town of Sitges, with bar and chill-out areas. south of Barcelona. Situated only 10 metres The villa is sold fully furnished with designer from the beach, the location and panoramic and antique furniture throughout. sea views are not easily surpassed. The villa was originally built at the beginning of Sitges is one of the jewels of the the 19th century, and has since been renovated Mediterranean and this house, with its seafront location, is truly exceptional. It is a hard-toand converted into a magnificent family home beat combination. in one of Europe’s most prestigious locations. Price upon request. With 750m² of living space, the classically styled villa offers seven bedrooms and many state-of-the-art features, such as Bose TV CURRENTLY FOR SALE WITH and sound system throughout the house Signature Residences Worldwide and garden. Other features include designer kitchen, a lounge that opens onto the front +44 (0)20 7095 8701 terrace, dining room, bodega and wine cellar.





ALL WHITE LUXURY The pristine white makes this villa as minimalist and elegant as a home can be With an abundance of striking design and refinement, combined with panoramic sea views, this all-white, minimalist villa in the exclusive residential area of Can Girona can only impress. Conveniently located next to Sitges town, the beach and Terramar Golf Club, this is one of the most desirable areas to live in near Barcelona, which is a mere 25 minutes away. The awesome, contemporary house stands out for its geometric purity, sophistication of material and elegance of composition. The white palette provides timeless interiors, while creating a serene, relaxing atmosphere. The superior, modern luxury villa, with 640m² of living space spread over six levels, offers several terraces and an infinity pool to take advantage of the arresting sea views. The villa has pre-installation for a lift.

The house has been left as a shell so that the new owner can distribute and finish the house to his own specifications. The current plans envisage a stunning double-height living room, seven bedrooms, a spa and indoor swimming pool, huge garage with parking for up to five cars, and guest apartment. The villa is a brilliant opportunity for those wanting to create a masterpiece from this blank canvas. Price upon request. CURRENTLY FOR SALE WITH

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n the tranquil beauty of Tuscany’s hilly landscapes of vineyards and olive groves, punctuated by cypress and oak trees, sits this historically significant property. Located just outside Lucca, the elegant villa boasts commanding views over the rolling Tuscan hills. The property includes the remains of a tower dating back to the 5th century and another tower built around the 10th-11th centuries. The property underwent extensive restoration around the 15th-16th centuries, when it became the home of one of the most important Lucchese noble families. The current owners have continued to work on the property and have carried out an innovative restoration using state-of-the-art, environmentally friendly materials, while retaining many original features. The terracotta floors, wooden beams and hand-forged wrought iron are original, as are numerous fireplaces and frescos. Perhaps the most outstanding architectural

feature is the stunning arched loggia with its columns, capitals and frescos overlooking the gardens and the Lucca plain beyond. In addition to the beautifully restored main villa with 1,300m² of living space, the property consists of a separate 2-bedroom annex, a chapel and a large stable that can be restored. The villa is surrounded by olive trees and gardens, and there are two stunning swimming pools. Part of the beauty of the building is its history, and by incorporating that into the design, the villa has maintained the integrity of a true timeless property. Price: ₏6 million. CURRENTLY FOR SALE WITH

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Just as it should be



ocated on a peaceful hillside that presents panoramic views of the surrounding countryside, this magnificent historic villa is set in a setting that will fill anyone with admiration. Nestled in the green hills above the Lucca Valley, the characteristic Tuscan property has been sympathetically restored. While the villa retains some of its original features, it also boasts modern touches, such as a stunning infinity swimming pool. The three-storey building has 400m² of living space and five bedrooms. The surrounding land includes several terraced gardens, woodlands and an olive grove of about 100 trees that provides the owner with an annual production of extra-virgin olive oil.

The two-storey annex is about 200m², which is suitable for conversion to an independent guest house with separate driveway. The property also houses an old olive oil press awaiting refurbishment. The perfect place to live ‘La Dolce Vita’ under the Tuscan sun. Price: €2.05 million. CURRENTLY FOR SALE WITH

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Lifestyle. Luxury. Location 80

The Waldorf Astoria Park City brings new meaning to the word luxury The Waldorf Astoria Park City is the vision of the perfect Park City experience: unparalleled access to worldclass amenities, and service befitting a Waldorf Astoria Collection luxury property in a stunning alpine setting. Surrounded by the breathtaking beauty of the Wasatch Mountains, this new luxury resort offers ski-in, ski-out access via the new Frostwood Gondola at The Canyons Resort. Additionally, it will be surrounded by the 18-hole championship golf course planned by The Canyons Resort. The Waldorf Astoria Park City offers 105 fully furnished, whole-ownership condominiums and penthouses, ranging from studios to six bedrooms, with multiple lockouts. The luxury mountain homes contain custom designer furnishings, Viking appliances, flat-screen televisions, granite countertops, jetted tubs, European steam showers, fireplaces, air conditioning and private decks. A rich, contemporary mountain styling throughout the buildings sets the tone for the resort. But it is not only the luxury real estate that makes The Waldorf Astoria Park City special. The amenities will play an important role in setting this ski resort apart from other such residences at The Canyons Resort in Park City. The property houses one of only six Golden Door Spas in the world, as well as the award-winning Spruce Restaurant, one of San Francisco’s best eateries. In addition, a concierge service will provide residence owners with services and experiences reserved for the lucky few. Now is the time to own and experience the elite-level luxury offered at The Waldorf Astoria Park City. Prices from US$299,000. CURRENTLY FOR SALE WITH

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Buying a French Leaseback Property What is it, how does it work, is it something for you? Investors around the world are looking to French leaseback properties, or, as they are known in France, ‘Residences de Tourisme’. Leaseback properties offer a hands-off, stable investment with tax benefits and guaranteed rent, while providing the opportunity for personal use, too. Leaseback is extremely popular with French investors who account for the majority of all purchasers of leaseback properties in France. French residents benefit from a range of tax advantages beyond the VAT rebate, hence the reason for their popularity but there are reasons why leaseback are increasingly popular among international investors as well as lifestyle buyers. The most obvious perk for leaseback property investors is that VAT is rebated to the buyer. The other main bonus is that buyers are handed a contractual rental guarantee, which is calculated as an annual percentage of the purchase price (excl. VAT). The level of return will vary according to the management company and the proportion of time the apartment is allocated for personal use.

French Leaseback Property Scheme what is it? The concept of leaseback property purchase is simple: A purchaser buys the freehold of a 82

property outright and then leases it back to a management company for renewable periods of up to 11 years. In return, the French government allows property owners to benefit from a 100% VAT concession, giving a saving of 19.6% (the current VAT rate on new-builds in France) on the initial property price. Property owners also receive a guaranteed rental return, irrespective of occupancy, at a fixed annual amount, which often offsets the cost of their mortgage payments. The rental return is net of all community fees and operating costs, which are covered by the management company. Under a leaseback arrangement, all operating costs - such as utility bills, repairs and maintenance - are covered by the management company on the property owner’s behalf. Contracts between apartment owners and their management companies must run for a minimum of nine years. After they expire, the contracts are rewritten on newly agreed terms.

An attraction of leaseback purchase to many investors is the ability to buy a dream holiday home within a development they could otherwise not afford. It is a freehold investment, while most or all associated costs are covered by the guaranteed rental income. Most leaseback properties are found in the best tourist locations, with pools, gyms and other facilities included.

“When purchasing a newbuild leaseback property, the French government allows property owners to benefit from a 100% VAT concession” Leasebacks are safe because the bank guarantees the construction. Investors get the title deed for a property even before it is built. If the developer is unable to meet his obligations, the bank will take over to make sure construction is completed.

Investors need not worry about occupancy and are not exposed to short-term fluctuations in the tourist market. Nor do they need to worry about day-to-day management responsibilities. It is the management company’s responsibility to care of expenses, including insurance, maintenance fees, water, electricity, rubbish removal, etc. Investors are comforted to know they have a hands-off investment and can sit back and wait for their capital investment to increase over the years, with few additional out-ofpocket expenses. Leaseback schemes are ideal for Second-home owners who want a holiday home for occasional use, as well as a guaranteed rental income Long-term Investors who want to buy properties that produce a steady rental return and potential capital appreciation, with minimal hassle.

A long-term investment Leaseback properties are a good fit for investors who are willing and able to make a longterm investment commitment. A leaseback is not a quick-profit investment. Investors should not expect to sell after only a few years of ownership. But given that the investment is long-term, leaseback investors should be protected from a drop in real estate values during the course of the investment.

How it works

Modest, stable, hands-off returns The Leaseback Agreement provides peace of mind for investors who are used to guaranteed annual returns of at least 2% after taxes. While such returns are not as spectacular as some higher-risk investment markets, investors can take comfort in a certain level of stability.

The percentage of guaranteed rent is agreed upon in the lease contract, and that percentage is revised regularly, based on a national index. Some properties will be indexed annually, while others will be indexed every three years. The more often the property is indexed, the more the rental income will

A purchaser of a leaseback property enters into a lease with a company that will rent out and manage the property. A leaseback property is a freehold ownership over property that is leased out through a specialist management company. They rent it out, they manage it for you and they give you an annual tax statement. It’s very simple - and you’re guaranteed a return.


increase over the years. Traditionally, the rental income is capped so it can’t increase dramatically and will instead move in line with the national index. In return for agreeing to the leaseback scheme, the investor receives a reimbursement from the government of the 19.6% VAT on any newbuild property. Some developers advance the VAT refund to you and then receive the funds directly from the government. This would represent a 16.4% discount from the market price. In other instances, the VAT is repaid by the government within four to six months of the purchase of the property.

“At the end of the lease period, the owner has the option to either live in the property or sign a new leaseback contract with the management company for another fixed period of guaranteed” The VAT reimbursement is written off over a 20-year period. The income that you receive from your leaseback property is entirely tax-free. A leaseback property is governed by commercial law and a different type of a tax regime, whereby you can deduct all your expenses - including the interest that you pay on your mortgage - from your rental income, so you are not left with paying any tax on your rental income. Thanks to a double taxation treaty between France and other European countries and the United States, investors would not pay any income tax at home on the income from his leaseback property, either. A traditional 84

buy-to-let property, on the other hand, would require the investor to pay a certain amount of income tax on the property’s rental income. The Leaseback Basics French leaseback properies are often located in growth-potential tourist areas in the most-visited country in the world „„ Properties are sold furnished and are maintained in excellent condition by a management company during the lease term „„ 100% VAT rebate „„ Tax advantages: 2 years exemption from Taxe Foncière (Tax on Property) „„ Notary fees vary between 2% and 4% for the purchase of a new property, whereas it is usually between 6% and 8% for a resale property „„ Property is leased to a management company for a minimum nine years, which can be extended „„ Investors receive index-linked, guaranteed annual return, depending on personal usage „„ No running charges or maintenance costs „„

The VAT Rebate When purchasing a new-build leaseback property, the French government allows property owners to benefit from a 100% VAT concession, giving a saving of 19.6% (the current rate of French VAT on new-builds) This will either be advanced by the developer, in which case they will normally pay the last few staged payments, or the purchasers pay the full VAT-inclusive price and then claim it back from the French authorities. The main reason for rebating the VAT is that VAT is earned by the French authorities during

the period that the property is let out. This is on an understanding that the property will be let out to tourists for a period of 20 years. If the lease contract is terminated, or the property sold before this time, a part of the VAT would have to be repaid the French authorities on a pro-rata basis. This works out to 1/20th per year. As of January 2008, however, if you choose to sell your property with a renewed lease contract you will no longer be obligated to pay this. On refurbished or renovated properties, the 19.6% VAT rebate is not normally applicable and the VAT that will be reimbursed, if any, varies according to the development. This should be established before purchasing. Hassle-free Leaseback Period When leaseback schemes are sold, there is a pre-selected property management company to which the owner leases back the property for a period normally ranging from 9 and 12 years (it can be longer). Remember: the VAT rebate is based on a 20-year leaseback period. During this period, investors have the peace of mind of owning the property and benefiting from a guaranteed income, without the hassle of letting out and maintaining the property themselves. Personal use Depending on the development, investors can usually use their property for a certain number of weeks per year. Personal use of the property is limited, because the property must be available to rent, As the management company has an obligation to pay a guaranteed return, it is in everybody’s interest to maximise yields.

erty, whether you will be using it personally and where it is located. Different property management firms offer different rental incomes, but in general, the less the personal use, the higher the yield will be.

Many French banks are now creating finance packages specific for leasebacks, so buyers won’t be repaying the mortgage until the property is generating an income The rental income is nearly always calculated on the ex-VAT price of the property, excluding notary and other fees, and is normally paid to owners quarterly in arrears, although this differs between developments and should be checked prior to reserving. When construction of the development is completed, there is normally a period of a couple of months during which no rental income is earned. This grace period allows the property management firm to set up and start to advertise the properties. Where this is applicable, it is written into the lease contract. The rental income will also be index linked, often using the INSEE (French statistical institute) Cost of Construction Index as a reference. Want to know more? To get a free copy of the full report about the French Leaseback Scheme, contact International Luxury Real Estate, +44 (0)20 7095 8701

Rental Income - “Guaranteed by Contract” Rental income varies according to the




Stunning Hotel Pools of Thailand

Swimming pools are more spectacular than ever, and not only do they have to look incredible; they have to have great views too. A pool can be one of a resort’s architectural focal points and we have compiled a list of the top 10 most sensational and extraordinary hotel pools in Thailand. Each of these pools has something amazing to offer - from an infinity edge pool overlooking the sea to a secluded resort pool in the mountains - this is where swimming is almost beside the point.

Alila Cha-Am, Petchaburi

The rooftop reflecting pool is nothing short of stunning - a structural triumph. Clean lines and perfect symmetry are the ruling principles.

Amanpuri, Phuket

The striking 27-metre midnight-blue tiled freshwater pool instantly stands out, glistening amongst statuesque coconut palms and backdropped by the turquoise Andaman Sea.

Six Senses Hideaway Samui, Koh Samui

Baan Taling Ngam Beach Resort & Spa, Koh Samui

The view from the infinity pool is breathtaking, with Ang Thong Marine National Park and its neighbouring islands visible in the distance. And with a bar floating on the edge of the pool, there is no better place to make the most of the incredible sunsets.

Kirimaya Golf Resort Spa, Khao Yai National Park

The extraordinary infinity pool is the perfect place to relax. The serene pool commands magnificent views of unsurpassed greens and mountains. Stargazing here is out of this world. 86

V Villas Hua Hin

Kirimaya Golf Resort Spa, Khao Yai National Park

Veranda Chiang Mai

Alila Cha-Am, Petchaburi


The Library, Koh Samui The iconic pool, lined with vivid scarlet Italian tiles, creates the hotel’s dramatic centrepiece. The pool is super-glamorous and is flanked by eye-popping blood-red umbrellas and loungers.

Pimalai Resort & Spa, Koh Lanta, Krabi The indigo infinity pool is just sublime. Enjoy a panorama of spectacular views of Kan Tiang Bay.

The Sarojin, Khao Lak, Phang Nga Be romanticised by the breathtaking 25-metresquare pool in a garden setting, with infinity edges on all sides. Enjoy one of the three teak double sun lounge salas for romantic lounging.

Six Senses Hideaway Samui, Koh Samui A bamboo-lined wooden walkway leads to a striking aquamarine infinity pool, lined with ocean-view day-beds and vast white parasols. It offers dazzling panoramas of the surrounding sea and outlying islands.

Veranda Chiang Mai The stunning roof terrace infinity pool overlooks a picturesque valley. Enjoy the pure mountain air and the glorious setting with to-die-for views of mountain streams and rice and tea terraces.

Amanpuri, Phuket

V Villas Hua Hin The spectacular infinity pool next to the beach is a real show-stopper, with panoramic views of the Gulf of Thailand. Feature provided by Food+Travel Online. 88 Pimalai Resort & Spa, Koh Lanta, Krabi

Baan Taling Ngam Beach Resort & Spa, Koh Samui

The Sarojin, Khao Lak, Phang Nga The Library, Koh Samui



Here we share our discoveries of global style, design and good living‌ We were immediately drawn to the simple geometry of the outdoor swing from Viteo. Made from oiled teak and stainless steel, this stylish swing is the perfect focal point for any garden.

Tea time glamour. Even tea connoisseurs will be impressed by the collection of over 1,000 different single estate harvests and exclusive tea blends, offered by the cult Singapore-based tea brand TWG. The signature 1837 range of Black, White and Green teas is a must.

Sleek, modern and ergonomic, the Potter teapot from Stelton combines striking design with a special adjustable tea strainer to create the perfect cup of tea. Made of stainless steel with a velvety, matte finish, this sculptural teapot was created by the German design duo Jehs + Laub. A design infusion at its best.


Romeo Gigli has designed eight silk carpets, which will be produced in an extremely limited edition by the renowned artisan carpet maker Altai using ancient hand weaving techniques. Gigli transmits his legendary personality with intense colours and bold symbols, fully exploiting the brightness and depth of the Fergana Valley wild silk, which has forever been considered the most precious variety in the world. 

The ultimate gift for discerning children (and design-enthusiastic adults) is the Playsam Roadster Deluxe with leather seat, leather wheel and gold details. We have to admit we love it!



Insider’s Guide

London London - huge, historic, and very hip. Majestic museums and theatres, cutting-edge art and music scenes, and world-class restaurants. In our ongoing quest to present an insider’s view of great destinations around the world, we asked Kang Leong, London-based food blogger, photographer and writer, to share his favourites.

Where to stay

Where to eat

Best hotel

Best breakfast

Andaz Hotel The Andaz is situated in the heart of the City of London. A slice of old world luxury, the building dates back to 1884 when it was known as the Great Eastern Hotel. It shares its bricks with neighbouring Liverpool Street Station. Inside, guests are greeted with a decidedly modern touch of extravagance. Free-wheeling receptionists glide around the glistering marble floors with touch-screen tablet computers, rather than being anchored to an old-fashioned reception desk. There are 5 restaurants inside the hotel. The most impressive is 1901 - featuring fresh British produce - in a room with ceilings that seem to touch the heavens. It is the pinnacle of grandeur.

Providores and Tapa Room The Marylebone village is unofficially recognised as a foodie village. On the weekends, masses queue up for breakfast at Providores and Tapa Room, a Spanish fusion restaurant and café spread across two floors.

40 Liverpool Street, London EC2M 7QN

109 Marylebone High Street, London W1U 4RX

Breakfast consists of an eclectic range of wholesome choices, including sourdough bread with marmite and manuka honey, grilled sardines, sweetcorn and blueberry fritters and one of my favourites - mushroom, parmesan and jamon on toast - a flamed intense glory. They also feature a version of Turkish eggs - a recipe borrowed from Changa restaurant in Instanbul - poached eggs, Greek yoghurt and hot chilli butter.


Best sausage rolls Ginger Pig If you are after something decidedly British, you must give the Ginger Pig sausage roll a try. This is perhaps an unconventional recommendation for cooked food, since Ginger Pig are primarily butchers. Proudly British, their farms in Yorkshire raise sheep, poultry and nationally acclaimed longhorn cattle, which are supplied to many of the capital’s top restaurants. Their giant sausage rolls are £3 each. The pastry is buttery and dense, while the stuffing is intensely seasoned, chunky and spewing with juices. You won’t find better anywhere. Borough Market, London SE1 1TL

Best dinner Eastside Inn Bjorn van de Horst once ran the kitchens of La Noisette — a one-time Gordon Ramsay restaurant. Together with his wife Justine, they have

opened their own restaurant in Farringdon. The restaurant serves progressive French bistro-style food, and their menus feature more complex offerings, such as lobster, cèpes and foie gras. Bjorn has unique talents for creating complimentary flavours, delivering French food with an understated flair. Highly recommended. 40 St John Street, London, EC1M 4AY

Best for steak Goodman Steakhouse Goodman is a Russian-owned steakhouse conveniently located near Oxford Circus — the major shopping area in London. One of the few restaurants in London that boasts a Josper grill, which imparts a distinct charcoal smokiness to the steaks. Its major attraction lies in the sheer choice of meat on offer, including Scotch, O’Shea’s Irish beef, English longhorn, New Zealand Wagyu and Nebraska

Tapped and Packed 94

prime USDA beef. Steak sizes can be specially cut to order. If you love great steak, Goodman is a winner. 26 Maddox Street, London W1S 1HQ

includes your choice of tea as well as a two-tier stand featuring a choice of savoury and sweet finger food, including la gougères au persil, mandelines and coconut biscuits. 13-15 West Street, London WC2H 9NE

Best for sushi Sushi Hiro This is my favourite sushi bar of all time. The restaurant is near Ealing Common Station, and its modest space probably only caters to approximately 30 covers. The only hot food they serve is miso soup and green tea. Fish is fresh, especially their o-toro and surprisingly affordable at £2.60 per nigiri. I love Japanese food, and if there is only one sushi bar I’d recommend, this is the one. 1 Station Parade, Uxbridge Rd, London W5 3LD

Best for fish J Sheekey J Sheekey is part of Le Caprice Holdings and part of a galaxy of luxury restaurants. Its roots dates back to the late 1800s, and it has been serving fish from the same site ever since. Adjoining the modest wood-laden and charming restaurant is a regal all-brass oyster bar. On my visit, I was completely satisfied with my Cornish pollock with mussels and fennel, finished with a hearty cream drizzle. 28-31 Saint Martin’s Court London WC2N 4AL

Best tea room Le Salon Bar L’Atelier de Joel Robuchon is a two Michelinstared restaurant that serves perfect haute cuisine, but in a more casual setting. Perhaps most interesting about this restaurant is its hidden lounge on the third floor that serves afternoon tea. Chic velvet red leather sofas and black drapes complete its magnificent design. Afternoon tea is priced at £14 per person and

Best coffee Tapped and Packed There is surging demand for good coffee in London. Thanks to this trend, there are now a number of quality independent cafés springing up around town. The latest to join the ranks are Tapped and Packed, based in Fitzrovia. Their coffee includes a number of artisanal roasts, which change according to what their suppliers can get. Some speciality brews include Columbian Toliam, Ethiopian Yirgacheffe and Brazilian Minas Gerais. Best of all, coffee connoisseurs can choose a preferred brewing method, including filtering, cafetière or by siphoning. 26 Rathbone Place,Fitzrovia,London W1T1JD

What to do & see Best music Ronnie Scotts Ronnie Scotts are one of the oldest jazz clubs in London, having opened in 1959. It is a popular destination for jazz lovers, and has played host to a number or popular musicians. It is the quintessential jazz lounge, with plush red leather booths that line the walls, as well as smaller round tables closer to the music. Dimly lit, a reticent ambiance and a cracking house band. 47 Frith Street, Soho London W1D 4HT

Best museums Victoria and Albert Museum The V&A is a museum of culture, art and


96 Image : Angelo Samarawickrema

design. Its permanent collections span from fashion, to architecture, to items from Asia and the Middle East. Additionally, glassware, ceramics and metalwork are featured. The museum holds collections of British and European oil paintings and it is one of the few major London museums to hold a Photography Collection. Fans of street photography will appreciate significant pieces, such as the work of Philip-Lorca diCorcia from his acclaimed The Hollywood Series. Cromwell Road, London SW7 2RL

Best gallery Saatchi Gallery The Saatchi Gallery is free and offers exhibition space for curated international modern art exhibitions. Based in glamorous King’s Road, the Duke of York HQ features 70,000 square feet of exhibition space, as well as a lovely gallery mess. New exhibitions are launched every so often. In the past, there have been group exhibitions of modern art from China, New art from the Middle East and Abstract America. In 2010, they are exhibiting Indian art. 98 Sloane Street, Kensington, London SW1X 9

Best parks & gardens Kew Gardens The Royal Botanic Gardens of Kew is one of the largest and most diverse botanical gardens in London. The 121-hectare site is located in Richmond and features large-scale and imposing botanical glasshouses. It was founded as an exotic garden by Lord Capel of Tewksbury in the 18th century, adding several landmarks of interest — including a Chinese pagoda — over its 300-year history. Now that spring has arrived, it is the perfect time to visit Kew Gardens, particularly to see the beds of roses in bloom, as well as to take a tree-top tour around the gardens. The gardens

celebrated its 250th anniversary last year. Royal Botanic Gardens, Kew, Richmond TW9 3AB

Where to shop Best bookstore Photographers’ Gallery The Photographers’ Gallery is spread over three floors. The ground floor exhibits some of the most progressive photographic works today, though their bookstore is a real gem in the city. Stocks a number of bespoke publications, as well as a large selection of photo-books from renowned art photographers that can be difficult find. You can read at the sit-down café, which is also a meeting place for impromptu photographic presentations and workshops. 16 - 18 Ramillies Street London W1F 7LW

Best for kids Hamleys of London The 5 floors at the famous Hamleys Regent Street store probably does host “the finest toys in the world,” as their motto suggests. Shop windows are colourfully decorated with elaborate, ever-changing displays that reflect the latest trends, and there isn’t anything you won’t be able to find for the little ones at Hamleys. They sell everything for kids, from soft toys to board games and action figures, to science sets and craft sets. Children’s toy heaven, as well as for the inner child in you. 188-196 Regent Street London W1B 5BT

Best food market Borough Market Borough Market is a regular tourist magnet, a must visit for the gastronomically enlightened. It is one of the largest food markets in the capital, market traders insist. They’re renowned


for the artisanal nature of their produce and and as international importers and purveyors of British produce. You will also find a number of lovely traders serving barbeque burgers, fresh oysters, great coffee and some of the best grilled cheese sandwiches.

try. Suitable if you are looking for impromptu wine-tasting sessions.

8 Southwark Street SE1 1TL

Oddono’s Finally, we are all hoping for a searing hot summer and will be cooling off with dollops of the finest Italian gelato available to Londoners. The ice cream shop started in 2004 by Christian Oddono in Bute street, South Kensington, is now enjoying a good reputation amongst ice cream lovers, having been inspired by his grandmother’s home-made delights in Italy. All ice cream is made on site in their Bute Street shop on a daily basis, and their ice creams carry the distinctive frozen custard characteristic associated with the very best gelatos. To date, they have produced 130 varieties,

Best wine cellar / wine bar / wine shop The Sampler This quirky wine merchant based in North London offers a twist on the concept of try-before-you-buy. The store has installed sampling machines, which allow prospective customers to try small sips of wines before committing to purchase. The store offers a pre-paid card against which guests can buy small sips of what they want to try. At any one time, 80 bottles of wine are on offer to

266 Upper Street London N1 2UQ

Best ice cream

The Empire Strikes Back: Indian Art Today (29th January – 7th May 2010) Courtesy of the Saatchi Gallery, London (photo: Stephen White)


Ronnie Scotts

including basil, cinnamon and cognac, though my favourites are pistachio and Fior di Latte. 14 Bute Street, London SW7 3EX

partly in Italian. If you are after a romantically impromptu late night session in the City, keep an eye out for Luca. 12 Floral Street London WC2E 9DH

Best kept secret

Kang Leong

Best romantic secret Luca Music Covent Garden There are a number of great street musicians who regularly perform for free at the open air piazza at Covent Garden. However, a crowd favourite is Luka. He sets up his amp and guitar every Friday night at 10 p.m., and serenades the cold nights with warming medleys of popular hit songs. Luca hails from Pisa in Italy. He regularly remixes English pop songs with his charming acoustic style and sings

Kang Leong has spent the last eight years obsessively collecting restaurant experiences around London. Also an occasional freelance photographer, his work have been published by National Geographic Traveller magazine and by Zeit Online. You might catch him photographing his meals while eating out in London. He updates his popular restaurant blog thrice a week at Kang’s blog was recently recognised by The Times in their weekly ‘Best of the Blogs’ column.


Kitchen Confidential Top Chefs share their recipes

Image: Lisa Barber

In each issue of THE ADDRESS Magazine, leading Chefs share their recipes from some of the world’s leading restaurants. In this issue, you will meet Vivek Singh, The Cinnamon Club, London and Marco Moreira, Tocqueville, New York.

Marco Moreira, Tocqueville 100

Vivek Singh, The Cinnamon Club

The Cinnamon Club, London The Victorian opulence of this magnificent Grade II-listed, Old Westminster Library makes a grand backdrop for The Cinnamon Club • Banquette seating around the room, dark colours, wooden floors, very high ceilings and a book-lined gallery add to the dignified air • Elegant modern Indian cuisine that pushes culinary boundaries • The excellent cuisine has a wonderful delicacy in its spicing, deft control of heat and thoughtful intelligence in the combinations of seasonal ingredients • Signature dishes include stir fry of baby squid with chilli and apricot, steamed squid parcel and squid ink jelly, baked wild African prawns with kadhai spices and green spiced sauce • An impressive 200-strong wine list boasts bins from around the world, including rare vintages

Tocqueville, New York Perfect when you want a low-key dining room with a high-concept menu • Chef Moreira offers impeccably prepared, sophisticated New American fare, crafted with care from seasonal ingredients handpicked from local farmers and the nearby greenmarket • Signature dishes include diver sea scallops with Hudson Valley foie gras, fava beans, forest mushrooms and fuji apples; Cato Farm cheddar cheese salad, roasted greenmarket pears, frisee, fennel and hazelnuts; and Montauk wild striped bass, summer corn succotash and sweet peas • The fabulous desserts are a must • The desserts, breads and butter are all homemade • A notable wine list with emphasis on boutique wineries • The elegant, luxurious dining room with soaring ceilings


Chilled Green and White Asparagus Salad with Black Truffle Vinaigrette Courtesy of Marco Moreira, Tocqueville, New York

INGREDIENTS Asparagus: 225g green asparagus, peeled 225g white asparagus, peeled

Vinaigrette: 30-60 g black truffle, shaved (plus more for garnish if desired) 1 small clove garlic, minced 1 small shallot, minced 50ml olive oil 50ml truffle oil 1tsp Dijon mustard 40ml sherry vinegar salt to taste pepper to taste

For herb salad: 85g micro or baby greens such as baby mizuna, mash, baby beet greens

METHOD Blanche white and green asparagus. Set aside. Emulsify all vinaigrette ingredients in blender and refrigerate.(Keeps 3 days.)

PRESENTATION Toss asparagus spears with vinaigrette. Place dressed asparagus on each plate, alternating green and white. Garnish with herb salad and thinly shaved black truffles. Serves 4



TUNA TARTARE Courtesy of Marco Moreira, Tocqueville, New York

INGREDIENTS For the tartare: 360g sashimi quality bluefin tuna (bigeye), preferably the loin 8 tbsp extra virgin olive oil 4 tbsp diced cucumber 4 tbsp chives, finely diced 40g 4 1 tsp 4

caviar quail eggs soy sauce (to taste) caperberries juice of 4/6 lemon cracked black pepper (to taste)

For the dill oil: 1 bunch dill 360 ml cold grape seed oil





For each portion, slice the tuna into two 30g cubes, about 2.4cm around. Place two pieces of parchment paper on the counter and baste each with 1 tsp extra virgin olive oil. Put the two cubes of tuna between the paper and, using a mallet, pound the tuna as evenly as possible. Then use a bowl about the size of the tuna and cut around it with a paring knife so it’s a perfect circle. Repeat with the other tuna loins. Peel one piece of paper off and put the tuna in the centre of a plate, then remove the other piece of paper. Toss 2 tbsp chives and cucumber with 4 tbsp extra virgin olive oil. Coat the pounded tuna with the oil. Blanch the dill in salted water for 20 seconds. Shock in ice water and dry. Place the dill in a blender and puree. Strain through a tea strainer and set aside. Dice the remaining 30g of tuna finely. Toss the diced tuna in 4 tbsp olive oil, adding 2 tbsp chives and soy sauce to taste.

PRESENTATION Form the diced tuna into a quenelle and place it on top of the flat tuna at 12 o’clock. Spoon the caviar next to the quenelle (at 4’o clock). Using the tip of your finger, make an indentation in the caviar and place the quail egg. At 7 o’clock, place the caperberrry. Drizzle the dill oil and lemon over the dish and crack black pepper to taste. Serves 4 104



INGREDIENTS 4 black bream fillets (or any white fish), pin-boned 1 tbsp vegetable or corn oil roasted aubergine, tomato and potato crush

For the kachumber: ¼ ½ 1 ½ tsp 1 tsp

small cucumber, deseeded and cut into 3mm dice carrot, cut into 3mm dice tomato, deseeded and cut into 3mm dice salt sugar juice of 1 lemon 2 tbsp olive oil 1 tbsp finely chopped fresh coriander

For the marinade: 1 tsp ½ tsp ½ tsp ½ tsp

salt fennel seeds black onion seeds red chilli flakes




First make the kachumber. Place the diced cucumber, carrot and tomato in a mixing bowl. Whisk together the salt, sugar, lemon juice, olive oil and coriander to make a dressing and mix it with the diced vegetables. Check the seasoning. Mix together all the ingredients for the marinade, rub them over the fish and set aside for 10 minutes. Heat the oil in a large, non-stick frying pan, add the black bream fillets, skin-side down, and sear for 3–4 minutes, until well coloured underneath. Turn and cook for another 2 minutes or until just cooked through. To serve, place the Roasted Aubergine, Tomato and Potato Crush in the centre of each plate and put the fish on top, then drizzle the kachumber around the plate.

Serves 4



ROAST SADDLE OF RED DEER WITH PICKLING SAUCE Courtesy of Vivek Singh, The Cinnamon Club, London

INGREDIENTS 1 kg meat from saddle of deer, trimmed and cut into 4 steaks 1 tbsp Rajasthani spice paste 1 tbsp Greek yoghurt For the sauce: 3 tbsp oil, preferably mustard oil 1 tsp pickling spice mix (1 part mustard seeds, 1 part black onion seeds, 1 part cumin seeds, ½ part fenugreek seeds, 2 parts fennel seeds) 1 white onion, finely chopped ½ tsp ground turmeric 200g boiled cashew paste 3 tbsp Greek yoghurt 4 green chillies slit lengthways 240 ml lamb stock or water 1 tsp salt 1 tbsp jaggery or molasses sugar 1 tbsp chopped green coriander

METHOD Rub the marinade over the steaks and set aside for 30 minutes. Mix the Rajasthani spice paste and yoghurt together and keep aside. „„ Meanwhile, prepare the sauce. Heat the oil in a heavy-based frying pan and add all the seeds. When they begin to crackle add the onions and sauté until golden brown. Add the turmeric followed by the cashew nut paste and cook for 5 minutes. Now whisk in the yogurt and stir for another 5 minutes taking care that the yoghurt does not split. Add the stock, green chillies, salt and simmer for about 10 minutes until the sauce thickens and gets a glaze. Add molasses and chopped coriander and mix well. Remove and keep warm while you cook the deer steaks. „„ Heat the oil in a large ovenproof frying pan, add the meat and sear over medium heat for 2-3 minutes, until browned all over. Transfer to an oven preheated to 200C/400F and roast for 6-8 minutes, if you like your meat pink. Longer if you like it cooked more. Remove from the oven; spread the Rajasthani spice paste and yoghurt mix on top and place under a hot grill (or return to the oven) for 1-2 minutes, until the top is lightly browned. Divide the sauce between 4 serving plates and place the red deer on top. You may serve the meat sliced or as steaks depending upon what you prefer. Serve with pilau rice or a potato dish on the side as accompaniment. „„

Serves 4. 108



the essential flavour of the infinite

By Jeanne Horak-Druiff


Table salt or iodized salt (refined) This is the most readily available and cheapest form of salt, made all over the world. It is obtained either by mining or driving water into an underground salt deposit, formed by seawater millions of years ago. This process forms a brine which is then evaporated leaving dried salt crystals. The salt consists of about 99% sodium chloride and is then refined to make it very fine-grained and pure white. Anti-caking agents and iodine are added - the iodine is added to prevent goitre (swelling of the thyroid) which may be a problem in areas where the soil is deficient in iodine. This type of salt often has a bitter, acrid aftertaste and may smell “chemically”.

Kosher salt (refined, not iodized) This has nothing to do with the salt actually conforming to the Kashrut Jewish dietary laws. However, kosher meat needs to have the blood drained from it and as kosher salt has larger crystals than table salt which remain on the surface rather than dissolving, it is ideal for coating the meat in order to draw out the moisture. Kosher salt is made as described above, but the brine is continually raked, resulting in larger crystals. It can be used for most of the same applications as ordinary table salt, but is not recommended in baking or recipes where there will not be enough moisture to dissolve the large granules. Chefs often prefer to use kosher salt as its larger crystals are easier to handle for even sprinkling on food.

All images © J Horak-Druiff

Salt has been a part of man’s life for millennia. This is because over half our body consists of fluids which contain appreciable amounts of salt. Each day the body loses a quantity of salt which must be replaced in order to maintain the balance. The human body cannot manufacture salt and therefore salt forms an essential daily part of a healthy balanced diet. What a bonus, then, that it also improves the taste of most food! For centuries, salt was difficult to obtain and therefore highly prized and as with any other highly prized substance, salt attracted the attention of the governments of the day as a source of revenue. Salt taxes were levied in countries such as France, England, China and India. In fact, the British salt tax in India led to one of Mohandas Mahatma Gandhi’s most famous campaigns of civil disobedience. Today, there is a bewildering array of salt available at both supermarkets and speciality stores. The finished product may be fine crystals, larger crystals, or flakes; and the processes to obtain it varies according to whether it is rock salt or sea salt. Some salts are suitable for cooking, but others are classified as “finishing salts” which should only be used on prepared food lest the subtleties of their texture and flavour be lost. Confused? Let’s take an armchair journey to discover some of the better-known and the more unusual salts from around the world.


Rock salt (refined/unrefined) Rock salt is mined from large underground deposits called beds or domes, as opposed to being extracted by evaporation. It is crushed into manageable chunks and hauled to the surface, where it is screened, bagged, and shipped for further processing. Much rock salt ends up as non-edible large crystals used in applications like de-icing roads and to soften hard water (e.g. in dishwashers). But some particularly fine examples are broken into manageable-sized crystals to be used as table salt, including: „„ Himalayan rock salt, said to come originally from Alexander the Great’s salt mine in Kashmir, Pakistan, is mined by hand and sold as large pinkish crystals about the size of golf balls. The crystals have to be freshly grated for use, resulting in very fine powdery salt which retains a pink tinge. This salt is said to contain an almost identical set of elements to those found inside the human body: 84 of the possible 92 trace minerals, in the same proportion as naturally exists in our blood. „„ Bad Ischler Kristallsalz is an iodized rock salt from the town of Bad Ischl near Salzburg (literally “salt town”) in Austria. Bad Ischl is in the Salzkammergut which literally means “Estate of the Imperial Salt Chamber”, referring to the authority charged with running the Hapsburg empire’s salt mines. A noniodized version is only available on request in Austria, where legislation requires iodization of table salt.

Sea salt (refined/unrefined - finegrained varieties may be iodized) Some table salt is derived from seawater which is heated in order to evaporate the water and leave the salt. Because this process is more expensive than salt produced from mines, you will usually pay a premium for sea salt. Sea salt can either be sold as a fine-grained product, as larger crystals, or as flakes. 112

The most famous English example is Maldon Sea Salt which is made along the east coast of England. Water is drawn from the ocean during twice-monthly spring tides (when the salinity is at its peak) and pumped into stainless steel tanks. From there it is pumped as needed into shallow stainless steel evaporating pans constructed over an intricate system of brick flues which contain heating ducts. The temperature is carefully regulated in order to encourage evaporation and the formation of salt crystals. These crystals eventually sink to the bottom of the evaporating pans and from there they are “drawn” - raked out by hand using traditional wooden rakes. The resulting salt consists of flaky, pyramid-shaped crystals and is ideal as a finishing salt.

Fleur de Sel - literally “flower of salt” (unrefined) This premium salt is regarded as a finishing salt - once it has dissolved and mixed with other ingredients much of its characteristic crunchiness and subtle marine flavour will have been lost. Fleur de Sel from Brittany in France is the best known, but versions are also produced in the Camargue region of France, along the Algarve coast of Portugal (where it is called Flor de Sal) and St Helena Bay in South Africa. Obtaining Fleur de Sel is a complicated and labour-intensive business. Seawater is guided from the ocean along a system of channels where natural evaporation increases the salt concentration in the water from 27g/l to 300g/l. This concentrated brine is flooded into shallow coastal pools where it is left to evaporate naturally. During the process of evaporation, salt crystals slowly form in a thin layer on the surface, particularly on windless days. The task of harvesting this delicate layer of salt is done entirely by hand using traditional wooden rakes called lousses à de fleur. The rakes are delicately wielded by specialists known as paludiers who know how to rake only the fine layer of salt off the surface of the pond, producing flaky, off-white and slightly

moist salt. No mechanical machinery is ever used and no metal ever touches the salt; nothing is added and nothing is removed. Because conditions must be just right for Fleur de Sel to form (it can only be harvested from May to September, on windless days), the yield is only about one pound for every 80 pounds of Sel Gris (see below), making this an expensive but worthwhile commodity.

Sel Gris - literally “grey salt” (unrefined) This salt is moist and unrefined and is closely related to, but more robust than, Fleur de Sel. It is produced in the same shallow coastal pools as Fleur de Sel (described above), but is raked up from the bottom of the pool rather than skimmed off the top. This salt is also not collected by machine but by hand using traditional methods - although the paludiers rake the bottom rather more vigorously than when harvesting Fleur de Sel! The salt flakes have a very definite green/purple/grey colour and distinct flavour, both obtained from its contact with the minerals in the pool’s clay bottom. Like Fleur de Sel, Sel Gris is only harvested between May and September, making it expensive but less so than Fleur de Sel.

Hawaiian Alaea Red Salt (unrefined) This salt is produced from Hawaiian waters. A natural mineral called Alaea (a red clay from Kauai of volcanic origins, rich in iron oxide) is mixed in with the salt crystals during evaporation under the sun, which imparts the red colour. The salt is said to have a pleasant taste of toasted hazelnuts and it is exceptionally high in iron, because of the presence of iron oxide in the Alaea clay. It is used by Hawaiians in traditional ceremonies to cleanse, purify and bless tools and boats.

Hawaiian Black Lava Salt (refined) This sea salt is evaporated in pools above ground that formed naturally from old lava flows. The colour is not natural but created by

bonding high quality, activated charcoal to pure Pacific Ocean sea salt. Hawaiian Black Salt excels as a finishing salt and has a spectacular deep black colour. Its charcoal content is also said to give it detoxifying properties.

Indian Black Salt (unrefined) Nirav Black Salt (also known as Sanchal or Kala Namak) is not a sea salt but a volcanic rock salt or saindhav and is mined in central India. This salt is not really black at all but rather a very deep burgundy-pink, as a result of the presence of trace minerals and iron. The salt has a distinctive sulphur taste and smell that somewhat dissipates upon cooking. It is also used in Ayurvedic medicine as a digestive aid.

Australian Murray River Pink Salt (unrefined) Australia’s Murray-Darling Basin was once the bed of a shallow sea which eventually disappeared, leaving behind its salt in the soil. Low rainfall and high evaporation have combined to concentrate salt in the groundwater. This pink salt is produced by evaporating briny water from Lake Mourquong, into which saline groundwater is pumped to alleviate the salinity problem. The brine contains sodium, potassium, calcium, magnesium and iron, resulting in a colour that varies from deep pink to light apricot.

The essential flavour of the infinite Although salt is no longer the precious commodity it once was, it seems likely that we will continue our love affair with salt in all its various forms. Perhaps it is because of the flavour it imparts to food. Or perhaps it is because, as Pablo Neruda wrote: “… the least wave of the saltshaker teaches us … the essential flavour of the infinite.” Jeanne Horak-Druiff is based in London and writes the food blog CookSister!.


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The Address Magazine no6