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The multi-million dollar ‘Game of Homes’ that drove a wedge between Rupert Murdoch and Jerry Hall

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The marriage was hasty — entered into less than a year after they started dating. But, aged 59 and 84 respectively, the bride and groom were certainly old enough to know what they wanted.

And now, six years after they said ‘I do’, the divorce between supermodel Jerry Hall and billionaire media mogul Rupert Murdoch is being conducted at equal lightning speed.

A bare six weeks after Jerry filed for divorce on the grounds of ‘irreconcilable differences’, they have reached a settlement.

A joint statement, released by the New York PR firm Rubenstein on Wednesday night, after the Mail revealed that Jerry had asked the LA courts to cancel the divorce petition, ran: ‘Jerry Hall and Rupert Murdoch have finalized their divorce. They remain good friends and wish each other the best for the future.’

Media mogul Rupert Murdoch (left) and supermodel Jerry Hall finalized their divorce on Wednesday as they promise to remain good friends

Media mogul Rupert Murdoch (left) and supermodel Jerry Hall finalized their divorce on Wednesday as they promise to remain good friends 

Jerry, now 66, exits with her dignity mostly intact and a figure said to be around ­£250 million, plus two houses, according to sources familiar with the proceedings. 

Considering the marriage lasted only six years and three months, it appears as though her $1,000-an-hour New York lawyer Judy Poll, who has also looked after actresses Drew Barrymore and Scarlett Johansson, struck a good deal for Jerry.

Although sources close to Rupert Murdoch said the total figure was more like £50m.

Texan Jerry, though, remains ‘very sad’ about the way things have worked out.

She has told confidantes that her love story with Murdoch was like the Shakespeare tragedy Romeo And Juliet — with the two star-crossed, albeit rather senior, lovers driven apart by their families. In this case, Rupert’s children.

It’s an arresting claim — but is there any truth in it?

MONTANA: Only seven months ago it was revealed they had purchased a $200million 340,000-acre cattle ranch in the US

MONTANA: Only seven months ago it was revealed they had purchased a $200million 340,000-acre cattle ranch in the US

HENLEY: Holmwood House, the $13 million mansion near the Thames, which they bought in November 2011

HENLEY: Holmwood House, the $13 million mansion near the Thames, which they bought in November 2011

Certainly, the Murdoch clan teems with highly intelligent and competitive adult children, notably Prudence, 64, Elisabeth, 53, Lachlan, 50 and James, 49, Murdoch’s children by his first and second marriages. (His daughters by third wife Wendi Deng are 21 and 19, and too young to have a role, yet).

The popular view is that, as per the TV drama Succession, these adult children naturally weigh every twist and turn of their father’s fortune to see how it might affect them, and their inheritances. If that is the case, then they will probably be having champagne for breakfast as it can be revealed that one of Jerry’s wishes, to be given the giant $200million ranch in Montana, has been denied. It can also be revealed that she has been displaced from what all consider to be the key family property, the Moraga vineyard in Bel Air.

Moraga is the only vineyard in LA, and the estate comprises 14 acres atop the Benedict Canyon fault. The house, built in the 1920s, looks like a Tuscan farmhouse and has 11 bedrooms. Murdoch bought it for $27million in 2013.

Jerry was brought here for extended visits during their courtship and always loved it. She fully bought into the lifestyle and held court at a lavish ‘backyard BBQ’ held there in 2019 to celebrate 30 years of wine production.

Rupert Murdoch and Jerry Hall outside St Bride's church in London following a service to celebrate their wedding in 2016

Rupert Murdoch and Jerry Hall outside St Bride’s church in London following a service to celebrate their wedding in 2016

The 91-year-old tied the knot with Hall, 65, in a low-key ceremony in London in March 2016. The couple pictured shortly after the ceremony

The 91-year-old tied the knot with Hall, 65, in a low-key ceremony in London in March 2016. The couple pictured shortly after the ceremony 

She even told guests that she had completed a course in viticulture because she had such a love for the place. Her former partner, Rolling Stone Mick Jagger, was incidentally among the invited guests enjoying Mrs Murdoch’s hospitality on that occasion.

Jerry listed Moraga as her address in her court filing on July 1, and was living there along with her daughter Lizzie and grandson Eugene during the winter — but Rupert Murdoch is firmly in residence now.

He was spotted, stern-faced, being chauffeur-driven in and out of Moraga this week.

In Murdoch’s corner for the divorce — and making sure that he kept his slice of paradise — was Robert S.Cohen, an impressive legal force who went into bat for Melinda Gates in her massive divorce from tech tycoon Bill Gates.

Pictured: Sons Lachlan (left) and James (right) posing with their father on his wedding day

Pictured: Sons Lachlan (left) and James (right) posing with their father on his wedding day

It’s whispered in New York that he was hired on the advice of Murdoch’s son and heir apparent Lachlan, and it was suggested recently on the Daily Beast website that Lachlan has helped his father to exit this, his fourth marriage. Again, it’s not possible to be sure that this is the case, but a source says: ‘There’s no love lost between Lachlan and Jerry. Lachlan will definitely not be getting a Christmas card from Jerry this year.’

While all parties were declining to comment yesterday, I’m told that the divorce deal largely sticks with the pre-nup which the couple agreed before their wedding in London.

Jerry gets one property in the UK — the $13million house in Henley — and a house in France which was quietly bought for her about four years ago.

Rupert Murdoch got what he wanted, which was to get out — fast and clean — and keep hold of everything that he could.

He is renowned, not to say feared, as a wily operator who strikes at speed. This speedy and bloodless skirmish — leaving him with homes in America, Australia and the UK, where he keeps an apartment in the exclusive London district of St James’s — will only burnish that reputation. However, the question remains: why and when did the marriage go wrong?

Friends of Hall in the UK say that they saw the couple together in late April and May and they appeared delightfully happy.

The Daily Beast website suggests, though, that things started to fall apart last autumn.

What appears clear is that the thread which unravelled the union was Murdoch’s decision to sell up in New York.

He has a three-floor ‘Master of the Universe’-style penthouse in the One Madison building in Manhattan, plus a smaller apartment on the next floor down in the same building.

Hall has moved out of the family's primary sprawling $150M Bel-Air home, in Los Angeles, where she was mostly recently living

Hall has moved out of the family’s primary sprawling $150M Bel-Air home, in Los Angeles, where she was mostly recently living

The house, built in the 1920s, looks like a Tuscan farmhouse and has 11 bedrooms and a large swimming pool. Murdoch bought it for nearly $27 million in 2013

 The house, built in the 1920s, looks like a Tuscan farmhouse and has 11 bedrooms and a large swimming pool. Murdoch bought it for nearly $27 million in 2013

Those properties — with magnificent, 20ft glass walls giving floor-to-ceiling views of the Hudson and East Rivers, the Empire State Building and the World Trade Center — went on the market in March for $78million. They are still up for sale now.

Before they could be sold there was some paperwork to sort out as the New York apartments were part of the pre- nuptial agreement.

Sources close to Jerry say that Murdoch generously offered to swap Jerry’s interest in the properties for ownership of his Montana ranch, which is more than twice as valuable — it was bought for $200million in 2021.

It’s said that some in the family weren’t happy with this.

Sources now confirm that Jerry never got the Montana ranch, and it seems that rumblings about that deal may have ultimately ended in the collapse of the marriage a few months later in June.

Beaverhead Ranch is worth bickering over: it is jaw-droppingly vast, spanning 340,000 acres and measures around 50 miles from north to south. Close to the Yellowstone National Park, it teems with cattle and was sold as a working ranch.

At the time of purchase it was the largest property deal ever done in the state. Murdoch promised that he would ‘enhance’ the commercial cattle business and the ‘conservation assets’ of the wilderness.

The home is the only is the only vineyard in LA. The estate comprises 14 acres atop the Benedict Canyon fault

The home is the only is the only vineyard in LA. The estate comprises 14 acres atop the Benedict Canyon fault

The large estate also features its own tennis court located in the missive backyard of the estate

The large estate also features its own tennis court located in the missive backyard of the estate

The Montana ranch was the site of several gatherings of their large, extended family.

There was perfect privacy for all in Montana, plus spectacular mountain views, 4,000 elk, 800 antelope, and a 28-mile creek teeming with trout. You can understand why Jerry, raised in Mesquite, Texas, was keen on it.

It wasn’t to be, though — and sources confirm that Jerry didn’t get the ranch in the division of property, either.

The marriage was declared over by email in June, with Murdoch telling her that from that point they should correspond only via lawyers. Jerry was stricken — professing heartbreak and saying that she was still ‘in love’ with him.

At that point she was in the UK and was planning to spend the summer here with him — at his side at his annual media party in June in London followed by the wedding of his granddaughter Charlotte Freud in Oxfordshire early in July.

Her reaction to the bombshell is fascinating. Within a week of the split becoming public knowledge Jerry had filed for divorce — in California — giving her home address as the Moraga vineyard.

And here began the ‘Game of Homes’ manoeuvring. For not only would Murdoch never countenance losing Moraga, he would also instantly grasp the message given.

For California is what is known as a ‘community property state’. This means that when two people get married, they are considered a single entity for the purpose of property ownership.

Thus, any property or assets that either buys during the marriage is considered community property — and is owned by both spouses.

Murdoch and Hall were last seen together in public in London in August 2021, when they were pictured arriving separately at a dinner. They are understood to have then left together in a shared car

Murdoch and Hall were last seen together in public in London in August 2021, when they were pictured arriving separately at a dinner. They are understood to have then left together in a shared car

Murdoch and Hall were last seen together in public in London in August 2021, when they were pictured arriving separately at a dinner (seen). They are understood to have then left together in a shared car

Including a certain $200million ranch in Montana, plus the house in Henley.

Assets bought before the marriage — including the New York apartments, the Moraga vineyard and a 25,000 acre sheep station in Australia — are not included in the common pot.

Murdoch, as the veteran of three divorces, will have been well aware of all of this, and painfully aware of how much a divorce could cost him. Wendi Deng reportedly got £380 million and her predecessor Anna, his wife for 31 years, $1.6billion in 1999.

The tycoon, whose empire includes the Sun and Times newspapers as well as Fox News in the U.S., is worth $19 billion.

Jerry received only $14.9 million from Mick Jagger after they split and you can see why, this time around, she would have been determined not to have a disadvantageous deal.

It turned out that the marriage Jerry and Jagger went through in Bali had no legal force — a nasty surprise for her — and the Rolling Stone didn’t even give her their old marital home in Richmond. Instead they remained co-owners.

Jerry Hall is now officially divorced from Rupert Murdoch. She is pictured (above) in Los Angeles in 2016

Jerry Hall is now officially divorced from Rupert Murdoch. She is pictured (above) in Los Angeles in 2016

Rupert Murdoch and Jerry Hall pictured together in California in 2019

Rupert Murdoch and Jerry Hall pictured together in California in 2019

Rupert Murdoch and Jerry Hall attend the 'The Quiet One' screening at the 2019 Tribeca Film Festival at SVA Theater

Rupert Murdoch and Jerry Hall attend the ‘The Quiet One’ screening at the 2019 Tribeca Film Festival at SVA Theater

Another act which you might interpret as legal trickery was the serving of the divorce papers.

These were thrust into Rupert Murdoch’s hand as he waited to board a private jet at Brize Norton following his granddaughter’s wedding.

Process server Michael Colacicco, a former Met Police detective, did the deed and it is confirmed in writing that Murdoch was served ‘in the car park’ in a written note filed into court.

At the start of the summer, Jerry was in Henley, at the house which was bought for more than $13million. I’m told that she filed for divorce giving her address as California even though at the time she was actually there.

Elizabeth Jagger, Mick Jagger, Jerry Hall, Rupert Murdoch, Harvey Keitel and Daphne Kaster pose together at a garden party in LA in 2019

Elizabeth Jagger, Mick Jagger, Jerry Hall, Rupert Murdoch, Harvey Keitel and Daphne Kaster pose together at a garden party in LA in 2019

A local shopkeeper said: ‘There was somebody at the property about six weeks ago. We always know when the house is being used because they will ring us and ask for newspapers to be delivered.’

But since then, according to locals, the house has been used by her son Gabriel rather than Jerry herself.

A neighbour said: ‘I don’t think she’s there. Six or nine months ago they went to California for the winter.

‘It’s her son who is living there now. With everything going on, she doesn’t have much reason to be here, I suppose.’

Friends believe she is currently in St Tropez, one of her favourite parts of the world. She has owned property in the hills above St Tropez for decades, and likes to spend August in the Med.

Around four years ago she quietly sold the house in St Tropez which she was given by Mick Jagger and bought a new, bigger and better one. ‘The old place was too small when Rupert’s family came to stay,’ she explained.

Perhaps that makes the space and freedom she is now enjoying all the sweeter.

Additional reporting by Daniel Bates

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How to create a reading nook for children in your home

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Nooks to inspire a love of books: It’s easy to create a space for little ones to pick up a page-turner

  • Every child should have somewhere to fall into a book at home 
  • The ideal kids’ reading nook requires three things: comfort, secrecy, and storage 

Children’s books should be enjoyed in private. They should be read under the covers by torchlight after the grown-ups think you’ve gone to sleep; or hidden in treehouses with a supply of chocolate biscuits – anywhere where monsters, pirates and school chums can climb through the window.

Every child should have somewhere to fall into a book. A book nook, if you will. And it doesn’t take a lot of effort to create one. 

As children’s book author and critic Imogen Russell Williams says: ‘The ideal kids’ reading nook requires three things: comfort, secrecy, and convenient storage for an array of books and snacks.

Reading space: A simple small chaise longue can create a comfortable spot for young ones to enjoy books

Reading space: A simple small chaise longue can create a comfortable spot for young ones to enjoy books

‘Enclosed, cosy and full of soft, warm light, the best reading dens provide the perfect launchpad for a child’s imagination.’

Here are some suggestions.

Swathed in cotton

You can go Princess And The Pea by curtaining off a little cranny with a swirling, regal canopy from The Handmade Scandi Company. These come in pink, white, lavender or ‘cloud’ and cost £56.

For added twinkle, string fairy lights around and switch off the main light. Hey presto: stars in a night sky.

Looking for a canopy in bolder colours? The Rainforest Reading Corner Canopy from TTS Group will brighten up the reading corner (£71.99).

Inhabit an alcove

Find an existing little cranny and put it to good use. Throw in a few cushions, put up some bookshelves and string a curtain across so the mini-reader can shut him or herself away. 

The Kura bed curtain from Ikea comes with windows so your offspring can pop their head out from time to time (£25).

In their own world: Clambering into a tepee in the corner of the bedroom feels like an adventure in itself

In their own world: Clambering into a tepee in the corner of the bedroom feels like an adventure in itself

Reading tent

Clambering into a tepee in the corner of the bedroom feels like an adventure in itself. And the little reader can fall asleep among the pages. 

Argos sells a lovely bear-themed tepee made by Chad for £40. Or if you want to build a tepee together, just six bamboo poles and bedsheets held in place with clothes pegs will do the trick.

Build it

Natural light is great, especially for picture books. If you have a big window and can construct some seating around it, it makes a fab place to read of derring-do while staring out to imagine the action. If the window isn’t low down, a ladder up to the seat will add to the fun.

What goes inside

Make furniture comfy and a bit flexible. Your offspring may want to read sitting up or lying down, so some kind of small chaise longue should work well. 

The Handmade Sofa Company’s child-size chaise range is from £425. 

Or if you prefer something that looks like a miniature armchair and pouffe, John Lewis’s £72 Stardust bean bag chair and footstool will look stylish.

Add a desk, and encourage the child to respond to the book — writing their own sequel starring themselves. Ikea’s Micke costs £50.

To kit it all out in matching style, The Great Little Trading Company has a series of themed book storage boxes, display racks, rugs and bean bags. 

Or, if space is limited, you can buy ready-made seat/storage combos, such as the Children’s Bookcase from Little Helper for £97.

Savings of the week! Throws 

Snug: Oliver Bonas's Ena Blue Hand Woven Throw is reduced from £45 to £27

Snug: Oliver Bonas’s Ena Blue Hand Woven Throw is reduced from £45 to £27

You can call a throw a rug or a blanket — which takes its name from a weave first made by Thomas Blanket (Blanquette), a Flemish weaver who lived in Bristol in the 14th century.

But, whichever you choose, you are sure to be snug in bed, or on your sofa if you select one of the reduced price options in cosy fabrics.

The Cotswold Company has a moss grey, chunky-knit blanket reduced from £55 to £40. 

Wayfair’s wide range includes the Christy Oslo throw in the same chunky grey knit, down from £80 to £66.99. 

Made.com has a faux fur throw in a rich cinnamon shade down from £62 to £40. Oliver Bonas’s Ena Blue Hand Woven Throw is also reduced from £45 to £27, a cut of 40 per cent. 

Faux fur is set to be hugely popular this winter. But if you don’t feel the cold, but want to add colour to a room, Habitat’s Paloma knitted cotton throw comes in cobalt blue and saffron yellow. Its price is £17.50, a saving of £20 (argos.co.uk).

Anne Ashworth 

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DL Invest Group secures €123m financing for Polish logistics portfolio

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Macquarie Capital Principal Finance has provided €123.4m in the form of a senior secured loan to DL Invest Group. The three-year facility will be funded using capital from Macquarie’s balance sheet. The loan is secured against 10 modern logistics assets across Poland, comprising of 193,000m² constructed by DL Invest Group over the last 5 years and is fully let to major international companies.

 

Alexi Antolovich, Global Co-Head Real Estate, Macquarie Capital Principal Finance said: “This transaction demonstrates Macquarie’s ability to utilise its balance sheet to find capital solutions to support its clients, notwithstanding a challenging macroeconomic environment. This transaction involves a strong portfolio managed by an excellent team at DL Invest Group. We are pleased to support DL Invest Group’s continuous growth and believe this is the first transaction of a fruitful collaboration over the years to come.”

 

Dominik Leszczynski, CEO of DL Invest Group commented: “We are delighted to unlock capital for our next stage of growth as a tenant orientated developer and long-term investor-owner of assets. Macquarie was pragmatic throughout the process, in a period of heighted volatility for Polish capital markets. We worked together to create a bespoke transaction that allows DL Invest Group to continue its strong investing track record.”

 

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What will stamp duty changes mean for your house-moving plans?

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The headlines this week have centred on mortgage mayhem and interest rates — but there’s one piece of good news to consider.

Thousands of house buyers completing their purchases in the past seven days have already benefited from the stamp duty cut announced by Chancellor Kwasi Kwarteng in his controversial mini-Budget, and property website Zoopla says 43 per cent of all homes on the market now attract no stamp duty at all.

The Government says the cut will help stimulate the flagging economy and there are some signs that it’s working.

Savings: Thousands of house buyers completing their purchases in the past seven days have already benefited from the stamp duty cut

Savings: Thousands of house buyers completing their purchases in the past seven days have already benefited from the stamp duty cut

Rightmove says visits to its house sales adverts soared 10 per cent just after the mini-Budget and the number of sales agreed on Tuesday this week was the highest in one day since early August.

The website says this week’s fall-throughs — the number of sales collapsing — are entirely in line with long-term averages.

So with all eyes on the housing market, here’s what’s changing and what’s not…

What are the new stamp duty rates?

There’s no tax on the first £250,000 of the property price — up from £125,000. Higher priced homes are unchanged, so buyers pay 5 per cent duty of the portion from £250,001 to £925,000, then 10 per cent from £925,001 to £1.5 million. You pay 12 per cent on the price above £1.5 million.

Are they the same for first-time buyers?

They pay no stamp duty on properties up to £425,000 (previously £300,000) and 5 per cent on purchases up to £625,000 (it used to be £500,000).

After this week’s furore, will the change be reversed?

Highly unlikely. The change kicked in as the Chancellor spoke on September 23, so thousands have already benefited. 

And Liz Truss doubled down on the cut ahead of this weekend’s Tory party conference, telling the BBC she is ‘very clear the Government has done the right thing’ by taking action ‘to deal with inflation, to deal with the economic slowdown and to deal with the high energy bills’.

What will we pay to move to a new £350,000 home?

Up to £250,000 you now pay no stamp duty — a saving of £2,500 thanks to the Chancellor’s new measure. 

On the portion from £250,001 and £350,000 you pay 5 per cent, which is £5,000. So that’s £5,000 stamp duty on the whole price instead of £7,500 — saving £2,500.

Will the cut send prices soaring?

Again, highly unlikely. First, £2,500 is a handy sum but not enough to convince people not already intending to buy.

Relief: Up to £250,000 you now pay no stamp duty - a saving of £2,500 thanks to the Chancellor¿s new measure

Relief: Up to £250,000 you now pay no stamp duty – a saving of £2,500 thanks to the Chancellor’s new measure

Second, it’s a permanent cut, not the temporary holiday we saw in the pandemic, so people don’t have to rush to buy immediately. 

And, third, there are many more homes on sale today than earlier this year, so demand isn’t far ahead of supply and price rises are moderating.

Could sellers put up their asking prices?

It’s possible — and some will — but this is unwise. With fears that interest rates could hit 6 per cent next year, buyers are very cost-sensitive right now. An unreasonable asking price will mean your home sits on the shelf for months.

Will the cut be wiped out by higher interest rates?

Forty per cent of mortgage deals have been withdrawn temporarily — most will return with higher costs. 

But, remember, government figures show 36 per cent of homes are owned outright with no mortgage. 

Of the rest, it’s estimated three-quarters are on fixed interest rates so won’t see an immediate rise in costs.

For buyers from these groups, the stamp duty saving is genuine and not lost in higher mortgage repayments.

I’m planning to downsize — is there any help for me?

Afraid not. Many housing experts want stamp duty to be tapered to incentivise older owners to move to smaller homes, freeing up bigger houses for families. 

But apart from the Chancellor’s blanket change in the threshold at which duty kicks in, there’s nothing customised for the retiring or older homeowner.

Is Kwasi boosting landlords and holiday home buyers?

With the cost of living crisis, these groups aren’t seen as a priority. So while they save up to £2,500 like everyone else, the 3 per cent stamp duty surcharge on buy-to-lets and weekend cottages introduced back in 2016 stays in place. 

And, this week, Labour hinted there might be further taxes on landlords if it wins power.

What’s going on in Wales and Scotland?

Wales’S stamp duty, called the Land Transaction Tax, changes on October 10, after which there will be no tax on homes under £225,000 — up from £180,000 — with small rises for homes over £345,000.

There’s no change to Scotland’s Land and Buildings Transaction Tax, but a budget north of the border on October 24 may change all that.

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