Madonna has spent more than £6 million buying her sixth London property.
The American singer and her husband Guy Ritchie last week signed a contract on the 10-bedroom Georgian townhouse in London's Marylebone.
It adjoins the eight-bedroom property the couple live in with children Lourdes, 10, and Rocco, six.
They also own two nearby mews houses, which are occupied by staff, and two other houses in central London.
Madonna, 48, and British film director Ritchie, 38, bought their latest home from designer-developer Paul Davies, who made headlines recently by asking a record £40,000 a week in rent for one of his Mayfair properties.
The couple paid almost twice the £3.1million Mr Davies spent when he bought the property in August last year, even though he has not refurbished it.
The house has six floors and includes a vaulted artist's studio which adjoins the garden wall of the family's main home.
A source said: "Madonna has been a very shrewd investor in property - this is her fourth in the area. She knows the prices are significantly lower than in Mayfair but that the area is coming up. She has said she'd like to buy the whole street.
"She was really keen to get her hands on this house because she knows once Paul Davies starts developing properties an area can skyrocket in price. She was calling him for eight months and her initial offers were rejected, but after a series of meetings he agreed to sell."
Madonna faced competition for the house from comedian Jennifer Saunders and photographer Mario Testino.
Mr Davies refused to comment but he has described the property, a former private clinic, as "a blank canvas" in need of renovation.
The house has oak floorboards and many original features.
Madonna complained recently about workmen renovating her home, saying: "I can't believe how people don't like to work. The week starts at noon on Monday and ends at noon on Friday. I'm used to people in America working seven days a week."
It is not known whether the family intend to connect their acquisition to their existing home or rent it out.
Madge's property portfolio
The singer and her husband own a string of homes on both sides of the Atlantic.
Their portfolio includes six properties in central London.
In Marylebone there is their £7 million family townhouse, the new £6million property and two mews cottages close by, one of which was bought last year for £900,000.
The singer has also bought two properties that are used by the Kabbalah religious sect. One - a £3.6 million building in the West End - is used as headquarters by the group.
The other is a £1.6 million, fivestorey Georgian townhouse in Conway Street, Regent's Park. The couple also own the 1,200-acre Ashcombe estate in Wiltshire, formerly owned by Sir Cecil Beaton, which they bought for £9 million in 2001.
In the United States they have an £8 million house in Beverly Hills and an apartment in New York.
source : dailymail
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12 Comments
I know that she has so much money that she does not even know what to do with all that, but I'm wondering why does she need SIX houses in london. that's a little to much, no?
June 25, 2007 3:35 PMbut anyway, I love you Madge.
i think its more of a privacy thing than anything else. if Madonna buys the houses surrounding her main london home she is able to restrict who lives next to her i'd do the same if i was hunted down by the media like Madge is.
have a good day, Madonna and her fans should rule this world x
June 25, 2007 4:40 PMWell I know many people (including one in the house I live in) that have many houses across our republic but living in their own house. I dont see anything bad in buying houses when all people having money do so... investing is normal nowadays, and what more I think it is not anyone´s business :) I have tons of Madonna CDs and what ? :D
June 25, 2007 8:01 PMWell, I don't care what people say. Madonna can do whatever she wants. Incidently, did you know that Madonna will get $15 million for her upcoming album?? At least that is what I'm told by someone who said it out loud.
June 25, 2007 10:06 PMhome is...where your HEART is!!!isn't true Madonna?!I Love You M with all the mine!!!
June 26, 2007 12:07 AMMadonna complained recently about workmen renovating her home, saying: “I can’t believe how people don’t like to work. The week starts at noon on Monday and ends at noon on Friday. I’m used to people in America working seven days a week.â€
Funny. I live in the United States and I only know one person...maybe two who work seven days a week. I always thought that people from other countries had a better work ethic but I've never been to England.
June 26, 2007 4:13 AM"Madge? Madge? Maaaaddddoooonnnna? Where are you? I know you're here somewhere. Lourdes- Rocco- go see if mummy is in house number three and I'll check houses number two and five." -Guy (A material world indeed...)
June 26, 2007 6:22 AMto Norma: what do you mean "will get"?!? Call me naiive but doesnt it happen to depend on how many copies she sells?
June 26, 2007 6:23 AMto Norma: what do you mean “will get�!? Call me naiive but doesnt it happen to depend on how many copies she sells?
June 26, 2007 6:25 AMWacko,
Madonna has long since surpassed the stage in her career where she would get paid per album sales-- That's a method labels use to square their bets with new talents... Madonna gets paid upfront, not unlike Whitney Houston, Mariah Carey etc, who have received upwards of 100million for albums they've not even recorded yet.
June 26, 2007 8:09 AMIkarus: Oh I see
June 26, 2007 12:48 PMMadonnas awesome! London is The place to be :) x
June 26, 2007 5:14 PMLeave a comment