Otedola Buys Luxury London Property in £53 Million Deal

Olufemi Otedola has reportedly acquired a luxury residential property in London valued at about £53 million ($72 million), further expanding his international asset portfolio amid renewed activity in the United Kingdom’s high-end real estate market.

According to reports linked to UK property filings, the Nigerian billionaire purchased a 10-bedroom mansion located in the exclusive St John’s Wood district of London, an elite residential area situated close to Regent’s Park and known for attracting ultra-high-net-worth global investors.

The acquisition was reportedly completed late last year, although official details surrounding the transaction remain limited.

Efforts to obtain comments from representatives linked to Otedola were reportedly unsuccessful at the time of publication.

The latest property acquisition comes at a period of increased strategic positioning by the billionaire investor across both domestic and international markets.

Just days earlier, Otedola strengthened his position in First HoldCo Plc after acquiring an additional 549.54 million shares valued at approximately N43.41 billion through Calvados Global Services Limited.

The transaction increased his estimated combined direct and indirect holdings in First HoldCo to about 8.60 billion shares, representing approximately 19.36 percent ownership in the financial institution.

The First HoldCo acquisition was executed at N79 per share, above the company’s market closing price of N71.20 on the transaction day, reinforcing strong investor confidence and long-term strategic positioning in the banking group.

Analysts said the combined expansion across global real estate and Nigerian financial assets reflects Otedola’s continued focus on wealth preservation, strategic influence and long-term value creation.

St John’s Wood remains one of London’s most expensive residential districts due to its combination of privacy, security, limited housing supply and proximity to central London.

The area has historically attracted billionaires, global executives, diplomats and international investors seeking premium residential assets in the UK capital.

The reported purchase also highlights growing African participation in London’s luxury property market despite global economic uncertainties and rising geopolitical tensions.

Otedola, chairman of First HoldCo Plc and a major investor in Nigeria’s banking and energy sectors, has in recent years expanded his exposure across power generation, finance and infrastructure-related investments.