Eric Schmidt, the former CEO of Google, has acquired a mansion in Holland Park for almost £42 million, marking yet another significant transaction in London’s high-end real estate sector.
Having led Google from 2001 to 2011, Schmidt purchased the double-fronted stucco mansion in west London last May, as reported by the Financial Times. This Grade II-listed residence includes additional mews houses at the rear and was previously purchased in 2022 for £36.2 million, according to Land Registry records. This latest sale adds to a series of notable deals in the capital’s upscale property market, following the recent £139 million sale of a grand 40-bedroom mansion in Regent’s Park.
According to the FT, the former Google chief intends to lease the property. He is among numerous affluent Americans investing in luxury homes in London. Research by the real estate agency Knight Frank indicates that last year, Americans surpassed Chinese buyers, comprising 9.3% of overseas purchasers compared to 5.6% in 2019.
In addition, the number of Americans applying for UK citizenship reached an all-time high last year, spurred by Donald Trump’s presidential campaign and changes to the UK’s non-dom tax framework. Over 6,100 U.S. citizens filed for UK citizenship, a 26% increase from 2023, representing the highest figure since data collection commenced in 2004.
While there have been a few substantial transactions at the upper echelons of London’s property market recently, overall…
—-
Author : [email protected]
Publish date : 2025-04-08 11:35:00
Copyright for syndicated content belongs to the linked Source.