(3/23/2012)
The Financial Times and RCTI report that international businessmen and world adventurer Richard Branson has acquired The Pancoran Retreat in Nyuh Kuning, Bali.
Also known as The Linda Garland Estate, the 25-acre rolling parcel of land on the southern border of Ubud, is comprised of seven accommodation villas, a yoga pavilion and 26-meter spring-fed swimming pool.
Branson, who founded Virgin Atlantic and Virgin Records, apparently has a liking for island settings, owning the 74-acre Necker Island in the British Virgin Islands, which he lists as his official residence.
Branson also owns the 25-acre Makepeace Island located in Noosa River in Queensland, Australia where he has established a Balinese-style personal retreat.
He also is reported to own property on islands in Antigua and Barbados.
Affirming his love of island life, Branson told the Financial Times: “The most delightful thing about living on an island is that you’re completely in touch with nature. If you need space to think, there’s only the sound of the sea and local wildlife all around and if you want to party, there are no neighbors nearby to complain.”
Bali holidaymakers operate The Panchoran Estate commercially, with villas available for rent.
It is not clear if Branson will continue to operate the Estate on a commercial basis or convert it to his personal use.
Branson has long expressed his personal admiration for the island of Bali.
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