Dinara Kulibayeva, daughter of former Kazakh president Nursultan Nazarbayev, plans major work on Chateau Bellerive, which she bought for CHF106 million ($115 million), a record sum in the canton, reports Swiss national broadcaster RTS. Geneva authorities are worried and are about to launch a procedure to classify it and give the historic building more protection.
The 17th century château, with its splendid view of the Jura mountains and park sloping down to the lake, is one of the jewels in Geneva’s architectural crown, says the RTS report. It needs renovation, but the new owner’s plans also include an indoor swimming pool, an underground car park and cutting down some 30 trees.
Kulibayeva, who is also the wife of oil magnate Timur Kulibayev, already owns a huge property a few kilometres away. She plans to sell it and move to the château but wants to make sure everything is to her taste first.
This is not the first time that concerns have been raised about luxury properties bought at spiralling prices by rich Geneva residents from central Asia and Russia.
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Swiss Politics
Concerns over Geneva’s new luxury villa owners
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While some local officials welcome their recent arrival, others are concerned as lakeside mansions that have soared in value over a short period are snapped up. There are also suspicions of money laundering. In Geneva’s “Beverly Hills”, chic communes like Cologny, Anières and Vandoeuvres, which stretch northeast of the city alongside the lake and which…
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Swiss dismiss Kazakh money laundering case
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The Geneva prosecutor's office has closed a probe into suspected money laundering involving the former mayor of Kazakhstan's largest city.
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