A LUXURY beach development championed by the son-in-law of Andrew Mountbatten-Windsor has been put into administration, owing millions.
Edoardo Mapelli Mozzi’s plush interiors business won a contract to work on a £125million seaside skyscraper.
Promoting the deal with millionaire developer Rory O’Brien’s firm Masthead, Princess Bea’s husband said: “Masthead has all the ingredients we were looking for.”
But the project on an exclusive part of Australia’s Gold Coast went bust, with the firm behind it going into administration, owing backers £10million.
The prime ocean-front apartments plot has now been fenced off and signs are up saying “Mortgagee in Possession”.
Sources said Mozzi’s Banda company had been appointed by the developer to provide interior design services for the 37-storey tower on the Pacific Ocean in 2022.
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It had completed its role on the ambitious project by March 2023.
The princess met Edoardo first met in September 2018.
A friend told The Sun at the time: “Beatrice and Edo have the same circle of friends and were introduced through a mutual chum.
“They hit it off instantly and have a real laugh together. They’ve been on holiday together and Beatrice introduced him to Fergie and her dad.”
The couple married inn a small ceremony at Windsor Castle in 2020.
Their wedding was attended by 20 guests, including the late Queen, Prince Philip, her father Prince Andrew and mother Sarah Ferguson.
