Californian oligarchs are the new uber-clients buying in London today

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Disillusioned with the rise of crime, drugs and taxes at home, a new wave of American buyers are hunting for trophy mansions in the UK capital, reports Trevor Abrahmshon.

Written by

Trevor Abrahmsohn

Managing Director at Glentree

Trevor Abrahmsohn founded Glentree Estates in 1976. He has since sold some of the most notable and largest mansions in London to such luminaries as the Kazak billionaire who bought Toprak Mansion in the Bishops Avenue for a reputed £50 million; Witanhurst, the second largest home in London, for £50 million, and the Eccleston mansion in Kensington Palace Gardens for $100 million. A-list clients include Lakshmi Mittal, Sir Martin Sorrell, Richard Caring, Richard Desmond, Joan Collins, Gerald Ronson, Lulu and other celebrities. Former Prime Minister, Lady Thatcher has been to his house for tea and President Mikhail Gorbachev was the guest of honour at his company’s 33rd anniversary party at Toprak Mansion. He has sold over £3 billion worth of property in 35 years.

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Sales worth around £120m have either taken place or been agreed in the northwest region alone, says Trevor Abrahmsohn...