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Millionaire boss of controversial energy firm lives in a £3.5m home that costs £850-A-MONTH to power

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The multi-millionaire boss of an energy company that sparked fury after recommending that households save on their heating bills this winter by ‘cuddling’ their cats or ‘doing a few star jumps’ owns a lavish £3.2million weekend home that costs a whopping £850-per-month to power.

Stephen Fitzpatrick, founder and head of Ovo Energy, Britain’s third-biggest energy supplier, enjoys the sprawling, five-bedroom property in the heart of the picturesque Cotswolds, close to Cirencester, which he purchased in 2019.

The stunning weekend home is set in 12 acres of pristine countryside and also has a swimming pool, four bathrooms and elegant dining room with stunning views, giving Mr Fitzpatrick and his family adequate space to follow his company’s controversial advice on how to stay warm which was slammed as ‘insensitive’ given Britain’s rising energy costs.

Ovo Energy boss Stephen Fitzpatrick owns this sprawling, five-bedroom home in the Cotswolds that has its own swimming pool and is now worth in the region of £3.2million

Ovo Energy boss Stephen Fitzpatrick owns this sprawling, five-bedroom home in the Cotswolds that has its own swimming pool and is now worth in the region of £3.2million 

Mr Fitzpatrick, 44, spends most of his time in London, spends weekends in the Cotswolds. He bought the property in a private sale for £2.85million in 2019, land records show

Mr Fitzpatrick, 44, spends most of his time in London, spends weekends in the Cotswolds. He bought the property in a private sale for £2.85million in 2019, land records show 

The stunning weekend home is set in 12 acres of pristine countryside and also has a swimming pool, four bathrooms and elegant dining room with stunning views

The stunning weekend home is set in 12 acres of pristine countryside and also has a swimming pool, four bathrooms and elegant dining room with stunning views

Mr Fitzgerald's firm Ovo Energy sparked outrage by sending some customers an email which included a blog advising hard-up customers of handy tips to keep warm during the fuel crisis

Mr Fitzgerald’s firm Ovo Energy sparked outrage by sending some customers an email which included a blog advising hard-up customers of handy tips to keep warm during the fuel crisis 

An email sent to Ovo Energy’s customers on Monday suggested that they could ‘get moving’ by doing ‘star jumps, cleaning the house or ‘challenging the kids to a hula-hoop contest’.

Other suggestions included having a ‘cuddle with your pets and loved ones to help stay cosy’, eating ‘hearty bowls of porridge’, sticking to ‘non-alcoholic drinks’ and eating ginger — but not chilli, ‘as it makes you sweat’.

Mr Fitzpatrick, who is worth an estimated £675million, is usually seen by locals and workers on his estate during the weekends.

Mr Fitzpatrick founded Ovo Energy in 2009

Mr Fitzpatrick founded Ovo Energy in 2009

His estate manager told MailOnline: ‘He’s at work, it’s highly unlikely he will be here today. It’s his weekend home and even then, he’s not here every weekend.’

The former rectory is reached down a quarter of a mile driveway of Cotswold stone chippings and the imposing black front door is flanked by two six-foot bay trees. A large khaki tepee complete with a built-in log burner stands in the front garden alongside an expensive children’s trampoline.

The stunning Victorian property which stands in lush countryside is the most expensive in the area and was described as an ideal family home when it was last on the market.

Mr Fitzpatrick has three children with his wife Sophie.

His estate manager added: ‘I find out when he’s coming on the day – he’s very busy either in London or Bristol.’

MPs slammed his company’s advice as ‘insulting’ and ‘offensive’ as Britons face a crushing cost-of-living crisis with one Government figure describing the suggestion to eat porridge and cut out alcohol as ‘like some Dickensian nightmare’.

The email was sent to customers of SSE Energy Services, which was bought by Ovo in 2020.

But unlike many of his customers, self-made multi-millionaire Mr Fitzpatrick is unlikely to face any problems meeting the energy bills for his weekend retreat.

According to energy website U Switch, which provides estimates for household energy costs, he could currently pay a minimum of £853 per month for gas and electricity.

This is based on U Switch’s ‘Dream House Calculator’ which takes into account the age of a property, its square metre size and which luxury features it may contain, such as: an Aga; boiling water tap; electric car charger; large wine fridge and swimming pool. Many of these are standard in top end homes. 

The stunning Victorian property which stands in lush countryside is the most expensive in the area and was described as an ideal family home when it was last on the market

 The stunning Victorian property which stands in lush countryside is the most expensive in the area and was described as an ideal family home when it was last on the market

According to energy website U Switch, which provides estimates for household energy costs, Mr Fitzpatrick could currently pay a minimum of £853 per month for gas and electricity

According to energy website U Switch, which provides estimates for household energy costs, Mr Fitzpatrick could currently pay a minimum of £853 per month for gas and electricity

But the minimum £853 figure does not take into account the expected April bills rise when Britain’s energy price cap is adjusted.

It could lead to household bills increasing by as much as 50% meaning Mr Fitzpatrick could end up paying a whopping £1,279 per month for his gas and electricity, if not more.

Mr Fitzpatrick founded Ovo Energy in 2009 and led its growth to become the largest independent energy provider in the UK, with around five million customers.

He co-founded the company with Sophie using £350,000 they raised by selling their first home. They have known each other since the age of 16 and with their children, enjoy an elaborate life of plush country living and exotic foreign holidays.

After establishing Ovo, Mr Fitzpatrick, who was born in Northern Ireland, became known as the ‘Robin Hood’ of the energy sector for taking on the big six established energy companies, who he accused of enjoying a monopoly and not providing enough choices for customers.

The son of a Belfast grocer he studied at Edinburgh University and then started a successful property newspaper before becoming a City trader, which he quit in his mid 30s to set up on his own with OVO.

Ovo Energy sent an email to customers on Monday listing ten 'simple and cost effective ways to keep warm this winter'. They included eating 'hearty bowls of porridge', sticking to 'non-alcoholic drinks' and eating ginger — but not chilli, 'as it makes you sweat'

Ovo Energy sent an email to customers on Monday listing ten ‘simple and cost effective ways to keep warm this winter’. They included eating ‘hearty bowls of porridge’, sticking to ‘non-alcoholic drinks’ and eating ginger — but not chilli, ‘as it makes you sweat’

In 2014, Mr Fitzpatrick controversially made headlines after it was revealed that he had taken £2million out of OVO, when it was struggling to break even, to buy a family home in Gloucestershire.

A keen Formula One fan, in 2015 he invested £30million of his own money into the Marussia F1 team after it went into administration.

Following the email, Ovo said: ‘We understand how difficult the situation will be for many of our customers this year. We are working hard to find meaningful solutions as we approach this energy crisis, and we recognise that the content of this blog was poorly judged and unhelpful. We are embarrassed and sincerely apologise.’ 

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Tungsten and BC Partners launch €296m industrial JV (GB)

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Tungsten Properties have signed a transformative €296m (£250m) JV funding agreement with BC Partners. The newly formed joint venture company will target single and multi-let industrial opportunities across the UK, which will range from last-mile to big box logistics warehouses with a GDV of greater than €29.6m (£25m). Tungsten Properties will act as asset and development manager for the joint venture. With a strong conviction in the underlying occupational fundamentals of the industrial warehousing sector, the joint venture has already identified a strong pipeline to initially seed the partnership.

 

Jeff Penman, managing director, Tungsten Properties said:“This is a significant step in Tungsten’s expansion strategy to continue to deliver industrial and warehouse space to create growth, jobs and investor returns. This transformational JV agreement with BC Partners will provide reliable capital to continue delivering strategically located, environmentally friendly buildings across the UK. While there is volatility in the capital markets, both Tungsten and BC Partners believe that the industrial market’s long-term fundamentals remain strong. With a fighting fund behind us, we look forward to securing further opportunities.”

 

Laurian Douin, partner, BC Partners said: “The UK industrial and warehouse sector has strong secular fundamentals. Given Tungsten’s strong track record and like-minded approach to development, we are thrilled to partner with them to jointly invest in this asset class. The joint venture intends to deliver well-located, exceptional schemes to meet occupier demand, with a particular focus on schemes’ environmental credentials in-line with BC Partners Real Estate’s commitment to ESG.”

 

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Four homes for sale with swimming pools: With price tags from £1.1m to £190k

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Owning a property with a swimming pool might seem like one of life’s luxuries that is reserved for millionaires.

But, as our pick of homes for sale with swimming pools proves, you don’t have to have a multi-million pound property to have one.

That said, you may still need deep pockets for their upkeep, which can be costly, particularly if you want to keep your swimming pool heated to a comfortable temperature.

While water shortages and hosepipe bans are hitting the headlines, a pool that is already filled with water will not draw on resources but may be forbidden from being topped up by hosepipe in the case of a ban.

Our pick of four properties for sale with swimming pools are for various budgets, ranging from £1.1million to £190,000 (scroll down for more information about the house pictured)

Our pick of four properties for sale with swimming pools are for various budgets, ranging from £1.1million to £190,000 (scroll down for more information about the house pictured)

Here, we take a look at four swimming pools at properties for those with a range of different budgets.

At the top end is a six-bedroom house in Ramsgate, Kent. with an acre of land that includes an outdoor swimming pool. It has a price tag of £1.1million.

At the other end is three-bedroom property in Ashington, Northumberland, with an empty indoor swimming pool and an asking price of only £190,000.

Daniel Copley, of Zoopla, said: ‘With Britain currently experiencing a heatwave, it’s no surprise that homes with swimming pools are proving to be increasingly popular.

‘Whether your budget is more in the deep or shallow end, some homes with pools may be more affordable than you think.

‘While the rise in energy bills will have a very real impact on those wanting to heat a pool, at this time of year a refreshing dip may be just what’s needed.’

Four properties with swimming pools… 

1. Six-bed house, Ramsgate, £1.1m

The most expensive house in our list of properties with swimming pools is this £1.1million home in Ramsgate, Kent, which is being sold by Miles & Barr estate agents

The most expensive house in our list of properties with swimming pools is this £1.1million home in Ramsgate, Kent, which is being sold by Miles & Barr estate agents

The property is called Pond Cottage and it boasts a large outdoor swimming pool that has a curved slide at the side

The property is called Pond Cottage and it boasts a large outdoor swimming pool that has a curved slide at the side

Inside the property, the entertainment facilities continue - with a cinema room that has black chairs and a red carpet

Inside the property, the entertainment facilities continue – with a cinema room that has black chairs and a red carpet

The most expensive house in our list of properties with swimming pools is this £1.1million home in Ramsgate, Kent.

It boasts more than an acre of land that includes a large outdoor swimming pool, a patio and a pool area.

The property is called Pond Cottage and it is being sold by Miles & Barr estate agents.

2. Five-bed semi-detached house, Welling, £625k

This semi-detached property in Welling, Kent, may not look like it can house a swimming pool from the front aspect

This semi-detached property in Welling, Kent, may not look like it can house a swimming pool from the front aspect

A slimline swimming pool has been added to the rear of the house and it has been covered to protect it from the elements

A slimline swimming pool has been added to the rear of the house and it has been covered to protect it from the elements

The Kent property is on the market with a price tag of £625,000 and the sale is being handled by estate agents MS Estates

The Kent property is on the market with a price tag of £625,000 and the sale is being handled by estate agents MS Estates

This semi-detached property in Welling, Kent, may not look like it can house a swimming pool from the front.

But a slimline swimming pool has been added to the rear of the house. It is on the market for £625,000 via MS Estates.

3. Five-bed house, Ripon, £450k

This three-bedroom house in Ripon, North Yorkshire, was once a barn and has been converted into a family home with a swimming pool

This three-bedroom house in Ripon, North Yorkshire, was once a barn and has been converted into a family home with a swimming pool

The curved shaped indoor swimming pool sits below wooden beams and has a separate bar area for entertaining

The curved shaped indoor swimming pool sits below wooden beams and has a separate bar area for entertaining

The barn conversion has a colourful interior and is on the market for £450,000 via Solo Property Management estate agents

The barn conversion has a colourful interior and is on the market for £450,000 via Solo Property Management estate agents

This three-bedroom barn conversion in Ripon, North Yorkshire, boasts an indoor swimming pool and bar area.

It is on the market with a price tag of £450,000 and the sale is being handled by Solo Property Management.

4. Three-bed house, Ashington, £190k

This three-bedroom house in Ashington, Northumberland, is the cheapest in our list of properties for sale with swimming pools

This three-bedroom house in Ashington, Northumberland, is the cheapest in our list of properties for sale with swimming pools

The 1930s detached property has an indoor swimming pool that isn¿t currently being used because it has been left empty

The 1930s detached property has an indoor swimming pool that isn’t currently being used because it has been left empty

The three-bedroom property is currently for sale for £190,000 and is being sold via Rook Matthews Sayer estate agents

The three-bedroom property is currently for sale for £190,000 and is being sold via Rook Matthews Sayer estate agents

This three-bedroom house in Ashington, Northumberland, is the cheapest in our list of properties for sale with swimming pools.

It is a 1930s detached property with an indoor swimming pool that isn’t currently being used as it is empty.

The property is for sale for a relatively cheap £190,000 and is being sold via Rook Matthews Sayer estate agents.

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Barwood Homes invests in Woodville resi scheme (GB)

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Harworth Group plc has completed the sale of an eight-acre land parcel at Woodville, Derbyshire to Barwood Homes for the delivery of 73 new houses. This represents Harworth’s first transaction with the Northampton-based housebuilder. The land parcel forms part of a 53-acre regeneration site which is owned by Beepart Ltd, part of Dyson Group, the Sheffield-based former manufacturer of industrial materials. Harworth is promoting the site on its behalf through a Planning Promotion Agreement. In April 2022, South Derbyshire District Council granted outline consent for the creation of up to 300 homes on the site, in addition to a c.30,000ft² local center with convenience retail and leisure amenities and over 150,000ft² of employment space for a range of uses.

 

The wider site has been unlocked by the delivery of Derbyshire County Council’s Woodville to Swadlincote Regeneration Route, which opened to traffic in December 2021, providing better access to Swadlincote and traffic relief in Woodville, as well as improved connectivity across the site. Preparation works will commence shortly for the next phases of residential and employment land sales at the development.

 

Ed Catchpole, Regional Director for Yorkshire & Central at Harworth, commented: “This sale is a fantastic start to the development at Woodville and we are pleased to welcome Barwood Homes to the site, who will deliver high-quality new housing for the local community. Our focus is now on bringing forward the rest of the development, utilising our extensive experience in the remediation of complex sites, including earthworks and infrastructure, to ready the remaining residential and employment land.”

 

Luke Simmons, Managing Director of Barwood Homes, added: “We are delighted to be working alongside Harworth on this exciting development. The team is looking forward to engaging with the local community as we gear up to deliver a scheme of excellent quality in design, build and service.”

 

Gavin Rosson, Managing Director of Dyson Group, added: “This first sale of a residential portion of the site is an important step in unlocking the full development potential of the whole, something we have been trying to achieve for many years. Such development will help regenerate Woodville and the surrounding area, somewhere we have had a presence since 1967 and are delighted to participate in.”

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