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Kept in the Dark

Over a third of properties sold in a new Kensington and Chelsea development were purchased via anonymous companies or by buyers from states considered to be a high corruption risk, according to a new investigation by Transparency International UK.

An analysis of Land Registry data for 153 new homes in one development at 375 Kensington High Street found that more properties could be identified as being bought through companies based in the British Virgin Islands (19) – a known secrecy haven – than any other jurisdiction, including the United Kingdom (14).

Transparency International applied the same methodology as its recent “Faulty Towers” report to 375 Kensington High Street – part of the same Warwick Road regeneration masterplan where survivors of the Grenfell disaster are set to be housed.

Read the full press release here

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  • Report published: Aug 2017

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