NOVEMBER 24, 2000
Ecclestone set to invest in London property
Ecclestone, the vice-president of Formula One's governing body the Federation Internationale l'Automobile, is reported to be ready to spend £500 million on buildings in the capital.
The 70-year-old, who last week topped the Sunday Times newspaper's 'Pay-List' with an estimated £617 million income, is believed to be on the verge of purchasing One Embankment Place, according to the reports.
One Embankment Place is a shop and office complex built over and around London's Charing Cross train station and is currently owned by the disgraced brother of the Sultan of Brunei - Prince Jefri.