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Millionaire snaps up three forts off Portsmouth

26 March 2012 Last updated at 12:39 BST

A millionaire businessman has become the owner of three historic forts in the Solent off Portsmouth.

Mike Clare bought Spitbank Fort in 2009 - but now he has added two others to his collection.

His company Clarenco plans to turn them into luxury hotels and a museum.

A one-night stay, with dinner and breakfast, will set guests back about £800.