Case No. EWFC-136

72.I now turn to the question of the Wife’s reasonable needs. They fall into two main categories, namely housing and income needs. 73.It is agreed that the Wife needs a property in London. Given the capital available and the standard of living during the marriage, I am quite clear that it should be a house, albeit materially smaller than the former matrimonial home. It should also be in Central London where the parties spent their entire married life. 74.I reject the Husband’s contention that a flat at a cost of less than £3 million is appropriate. Equally, the Wife’s particulars are more expensive than the former matrimonial home on a pound per square foot basis. She may simply have to move slightly further out of Central London but there is no reason why she should not do so. I have decided that an appropriate level for housing for the Wife is £3,500,000 to which I must add stamp duty at £331,250 and costs of purchase/moving at £10,000. 75.I accept that the very small apartment in the French Alps owned, in effect, by the children is not appropriate for the Wife going forward. I have decided that she should have a property to the same value as that owned by the Husband, namely €1,095,000. The total cost, including purchase expenses, will be £1,068,541 as sought by the Wife.76.I have found the issue of a third property more difficult. I entirely accept that the parties had three homes during the marriage and that P House was a substantial property worth £2.75 million when sold. I reject the suggestion that the Wife should have a property costing over €3 million in Cap Ferret on the Bay of Biscay. I cannot ignore the fact that she does have access to the property at Brittany, although it is occupied by her parents. I have decided that it is appropriate for her to have her own holiday home but at the same cost as the property in the French Alps, namely £1,068,541. 77.In terms of pension, it is appropriate that she should have a pension share. After all, a significant proportion of the Husband’s assets are held in pensions. Moreover, it will assist with reducing the tax burden caused by the Life Time Allowance. I have decided that she should have half of the husband’s A Bank Directors’ Pension Scheme. As the CEV is £2,279,490, she will receive £1,139,745. Combined with her own pensions, she will have a pension entitlement of