07:00 Joseph
He might have a fortune estimated at
more than £10 billion, but even Roman Abramovich must have winced at
taking a staggering £20 million hit on his latest property transaction.
The
Russian owner of Chelsea Football Club has quietly sold his huge
Central London mansion in Lowndes Square, Knightsbridge, after more than
a year of trying to attract a buyer.
A
spokesman for Mr Abramovich last night confirmed that he has completed
the deal for about £52million – well below the £70 million he was
seeking last summer.
The sale marks a change of direction for
the billionaire, who appears to be in the process of dismantling his
expensively acquired London property portfolio.
This week he will announce he is
selling his £30 million riverside property in Cheyne Walk, Chelsea, even
though it is a favourite of girlfriend Daria Zhukova.
The
houses appear to be surplus to Mr Abramovich’s requirements now he has
acquired a £90 million house in the former Soviet Embassy compound in
Kensington Palace Gardens, a street which, aside from its many
embassies, is home to Indian tycoon Lakshmi Mittal and Tamara
Ecclestone, daughter of Formula 1 billionaire Bernie
The private tree-lined road runs
alongside Kensington Palace, home to the Duke and Duchess of Cambridge,
and is the most expensive and exclusive in Britain.
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