By By Kev Hedges Mar 9, 2011 in Politics Hampstead - Squatters have occupied the £10 million ($16m) home of Libyan leader Colonel Gadaffi's son, Saif al-Islam Gaddafi. They have said they will not leave until the assets of the property are returned to the Libyan people. A spokesman for the campaign group, Montgomery Jones, spoke to local media source We occupied the building this morning. We do not trust the British Government to return it to the people of Libya because they have a long history of helping the Gaddafi regime. When we found out one of the world’s most brutal dictators owned property in North London it seemed like an obvious thing to occupy it for the people of Libya. The group also says the property is currently managed by the Gaddafi family through an estate agent holdings company, based in the British Virgin Islands. Mr Jones also added, "Our aim is to make sure that the assets stolen by Gaddafi are returned to the Libyan people and don’t disappear into the pockets of governments or corporations. We want to welcome refugees from the conflict in Libya and those fleeing tyranny and oppression across the world." The Treasury department in London has already frozen the assets of the Gaddafi family, said to be around The empty property in north London's leafy Hampstead Garden Suburb boasts a sauna, cinema and an indoor swimming pool. The squatters, members of a campaign group called Topple the Tyrants, occupied the address at 1250GMT (0750EDT) today and although police are monitoring the situation, they have not made any arrests so far, reports AFP news.A spokesman for the campaign group, Montgomery Jones, spoke to local media source Ham&High24 , he said:The group also says the property is currently managed by the Gaddafi family through an estate agent holdings company, based in the British Virgin Islands. Mr Jones also added, "Our aim is to make sure that the assets stolen by Gaddafi are returned to the Libyan people and don’t disappear into the pockets of governments or corporations. We want to welcome refugees from the conflict in Libya and those fleeing tyranny and oppression across the world."The Treasury department in London has already frozen the assets of the Gaddafi family, said to be around £1 billion ($1.6bn) , quotes the BBC News. More about Muammar gadaffi, London home, Squatters, Libya More news from Muammar gadaffi London home Squatters Libya