Search

Offshore owners of iconic Fortis Green pub exempt from business rates

PUBLISHED: 18:16 16 September 2016 | UPDATED: 19:29 16 September 2016

Locals continue to campaign to re-open The Alexandra pub on Fortis Green. Pictured centre Patrick Berryman.

Locals continue to campaign to re-open The Alexandra pub on Fortis Green. Pictured centre Patrick Berryman.

Archant

We reveal the developers who may demolish The Alexandra are leasing the derelict property to a charity which exempts them from the tax

The news follows our shock investigation that £45million of overseas cash was invested in seven iconic pubs in Hampstead, Highgate, Primrose Hill and Camden Town from 2010 to 2014.

The Alexandra Pub, where The Kinks’ Ray and Dave Davies once partied, now forlorn and empty-looking, faces demolition after losing its protected status.

Aid for All Ltd, which collects and donates household goods and food in warehouses around the country to “relieve poverty”, is leasing the pub.

As the party responsible for the pub is a charity, the building is not liable for business rates, as revealed in Haringey Council correspondence.

Isidore Horowitz of Aid for All described himself as a “pawn in the game”.

His charity had been leasing the premises “for much lower than the going rate” for just over a year, but they can be given 30 days notice.

The Alexandra Pub was sold to STO Capital, based in the British Virgin Islands in 2014.

The company CLTX, based in Tel Aviv, is named on the planning appeals.

More than 1,000 people signed a petition to stop The Alexandra being turned into luxury flats in 2014, but permission was granted on appeal for the pub to become two family homes.

We were unable to contact CLTX or STO Capital.

Meanwhile, pubs campaigners are calling for more planning protection for pubs from offshore speculators.

A Haringey Council spokesman said: “Business rates have not been charged on this pub since February 2014 as it is being leased by a charity, even though it is currently vacant.

“We will be reviewing whether this charitable exemption should still be in place and if business rates are owed, we will back-bill to ensure the full amount is recovered.”

Latest Hampstead & Highgate News Stories

I live in the north west of London in the United Kingdom. Like the rest of the country, I have been looking on in bewilderment at the Brexit deal while politicians on both sides of the house vie for political supremacy. Divisions in government make for good news headlines but do nothing for the public’s confidence in its institutions.

Fri, 16:24

Normally we celebrate one business of the week – but today we’ve got three!

Fri, 15:17

A Routemaster bus will take 72 passengers on a journey through Greek Cypriot history, via Camden and Holloway, on Sunday.

Fri, 12:12

The latest twist in the saga of a Hampstead landlord who refuses to pay a controversial levy saw him bring a top barrister to his court hearing.

Fri, 09:48

Opponents of the 100 Avenue Road development suffered a major blow last night as Camden voted through a controversial plan that will funnel seven lorries a day through residential streets in Swiss Cottage.

Thu, 17:35

The families left homeless by the fire that destroyed the upper floors of Willow House in East Finchley last week said Barnet Council treated them “like ants to be squashed” in the immediate aftermath of the fire.

Thu, 12:44

The Temple Fortune community was celebrating on Tuesday after Barnet’s Finchley and Golders Green planning committee unanimously rejected plans to build housing on the old Templars Tennis Club.

Thu, 12:10

Tens of thousands of pounds, weapons and drugs were seized after searching a garage in the Peckwater Estate on Tuesday morning.

PROMOTED CONTENT

Looking to get your child interested in a sport? Allianz Park, home to rugby union team Saracens, welcomes people of all ages to join their family of supporters and discover how their core values Honesty, Discipline, Humility and Work Rate underpin everything they do off and on the pitch.

As part of a major refurb, the London Marriott Hotel Maida Vale has renamed its three new-look function rooms to reflect the geography and rich history of the area. The largest, perfect for weddings and large meetings, is named after a Hampstead subterranean river, The Westbourne.

Londoners seeking high quality houses for sale within easy commuting distance of the capital are being advised to look north to St Albans’ prestigious Gabriel Square development.

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Most read Hampstead & Highgate news

Show Job Lists

Digital Edition

cover

Enjoy the
Hampstead & Highgate Express
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now