Femi Otedola Boosts Luxury Portfolio with £53 Million London Mansion

Nigerian billionaire Femi Otedola has purchased a ten-bedroom mansion in St John’s Wood, London, for £53 million. The modern property, built in 2016, features a private cinema, spa and cigar room. According to Bloomberg, the deal closed late last year. The home was previously listed at £75 million in 2020. The acquisition underlines the ongoing appeal of London’s luxury market despite higher taxes and changing rules for foreign buyers. Earlier reports also named the Access Bank CEO as the buyer of a £15 million Hampstead residence.

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