Femi Otedola has acquired a £53 million mansion in London, further expanding his global luxury property holdings, according to Bloomberg.
The property, valued at about $72 million, is located in St John’s Wood, one of the city’s most prestigious neighbourhoods near Regent’s Park.
The 10-bedroom residence was reportedly purchased late last year and is confirmed through UK property filings, Bloomberg reported on Thursday.
Built in 2016, the mansion includes premium amenities such as a private cinema, spa, and cigar room. It was previously listed for £75 million in 2020.
Femi Otedola is the chairman and majority shareholder of First HoldCo Plc, with investments spanning finance, energy, shipping, and insurance brokerage.
The acquisition underscores continued strong demand in London’s ultra-prime property market, even amid higher taxes and tighter regulations affecting foreign buyers.
Areas such as St John’s Wood, Belgravia, and Chelsea remain popular among global high-net-worth individuals, particularly African business elites.
The deal also reflects a broader trend of Nigerian business leaders investing in high-value UK real estate.
In 2025, Access Bank CEO Roosevelt Ogbonna reportedly purchased a £15 million property in Hampstead, another affluent London neighbourhood.
St John’s Wood is known for its privacy, detached luxury homes, and proximity to landmarks such as Regent’s Park and Lord’s Cricket Ground.
The latest purchase further cements Otedola’s position among Nigerian billionaires with significant international property portfolios.
