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Rich Chinese line up to buy London’s US$66 million ‘Gucci mansion’, once HQ to the Italian fashion house
- The 14,000 sq ft, eight-bedroom house in upmarket Mayfair served as headquarters of the luxury fashion brand
- Several wealthy business owners from mainland China and Hong Kong have expressed an interest
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Buyers from mainland China and Hong Kong are among those interested in a £55 million (US$66 million), eight-bedroom property known as the Gucci mansion in London’s upmarket Mayfair district, according to the property agent marketing the palatial home.
The 14,000 square-foot house served as the headquarters of the luxury Italian fashion brand and is where designer Tom Ford entertained figures such as Alexander McQueen and the French billionaire François Pinault.
“The three people from mainland China are all ultra-high-net-worth businesspeople, who own large companies in finance, IT and real estate and have families with wives and children,” said Gary Hersham, founding director of Beauchamp Estates.
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“Two are looking for a London private home, the third wants a property that can double as a London office or base and a pied-à-terre. At this price level … these assets are both for personal use, entertaining friends and business acquaintances and as a business investment.
“The two Hong Kong buyers are, again, family people, they’re CEOs, one is a retailer, the other works in real estate.”
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The property is also available to rent for £40,000 a week.
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