Tom Ford purchases Chelsea townhouse for £80 million in largest UK property deal of 2024

Tom Ford has purchased a townhouse in Chelsea, London, for £80 million, marking the largest property deal in Britain this year. This acquisition adds to his global real estate portfolio, which now totals around £270 million. The purchase follows Ford's sale of his fashion brand to Estee Lauder for £2.2 billion. He reportedly completed the deal before a recent tax increase on second homes, allowing him to save approximately £1.6 million in taxes. Ford's recent buying spree includes multiple properties in the U.S. and Italy. The luxury property market in London has been subdued this year, with fewer high-value transactions compared to previous years.