The Howard de Walden family including Hollywood film producer Peter Czernin will share in a £8.2m dividend from one of the biggest property fortunes in Britain.
The producer of In Bruges and The Best Exotic Marigold Hotel is set to benefit from a pay out from the family’s 90-acre estate around London’s medical district, including Harley Street and fashionistas favourite, Marylebone High Street.
According to accounts just filed at Companies House, Howard de Walden Estates - the property arm of the Howard de Walden family - saw the value of its property soar by 10.1pc to £2.4bn for the year ending March 31 2012. Turnover, essentially rents, rose 8.1pc to £80m but profits fell 3pc to £41m. However, the company decided to increase its dividend payment from £1.9m last year to £8.2m.
Although large, the dividend is dwarfed, by a 1999 payout which saw £156m split between the 55 direct descendants of the Ninth Baron Howard de Walden - a famous racehorse owner who once knocked over Adolf Hitler in a driving trip through Munich.
His four daughters — Hazel, holder of the 412-year-old barony, Susan, Jessica and Camilla — and their husbands, who are all shareholders in family business - were left a reported £42m.
The rest was left in trusts for their children, including Baroness Howard De Walden’s son Mr Czernin, a critically acclaimed film producer. The family, whose motto is “Not for whom, but in what manner” is said to be worth about £2.2bn. Their title was awarded to Thomas Howard by Elizabeth I in 1597 for his role in defeating the Spanish Armada.
In the accounts, the company said international investors continued to have an impact both in the residential market and shopping space ahead of the London Olympics. Property director Simon Baynham said the company’s good fortunes were down to the rise in central London property valuations.
“We are very positive about the future,” he said, adding the company was currently in the middle of a further £200m investment programme.