Overview

• Fredriksen confirmed his relocation to the UAE and closed the London headquarters of his shipping group, Seatankers Management.
• He publicly declared that “Britain has gone to hell,” attributing his exit to Chancellor Rachel Reeves’s abolition of the non-dom tax regime.
• The Old Rectory dates to the 1720s and has belonged to Fredriksen since 2001 when he bought it for £37 million, later rejecting a £100 million offer in 2004.
• Valued at £250 million, the 30,000 sq ft Georgian manor in Chelsea features 10 bedrooms, a ballroom and nearly two acres of private gardens.
• Advisers forecast that up to 16,500 high-net-worth residents will leave the UK this year, fueling a rise in confidential listings of trophy homes.