Ferrero boss' Cape homes

Pietro Ferrero (44), the son of the Italian chocolate-maker Michele Ferrero, paid R10-million for a Bantry Bay home in 2005 and had it demolished. He plans to build a new house there but plans had to be changed recently after neighbours objected. They are concerned that the Bantry Steps, leading down the steep slope on which homes are built, would become a concrete jungle. Deeds office records show that in November 2002, Pietro bought a property in Baviaanskloof Road in Hout Bay for R6.5-million and a neighbouring erf three years later for R2.3-million. The Ferrero company was founded in Italy in 1946 by his grandfather and great-uncle. he company is famous for its Ferrero Rocher gold-wrapped chocolates, chocolate spread Nutella, Tic Tac mints and Kinder Eggs.