Frederick achom to swap £1.7m london flat for quiet life in cotswolds
Frederick Achom: Impresario to swap £1.7m
London flat for quiet life in Cotswolds
By MARK ANSTEAD, London
15th November 2010 – Daily Mail
Even multi-millionaires like a bargain, and Freddie Achom, owner of London nightclub Jalouse, is
Over the past year he has been
scouring the market in
Gloucestershire looking for a luxury
five-bedroom home with stables and
indoor pool, but only wants to spend
It may seem a tall order, but Achom,
36, remains convinced the property
market is moving in his direction.
Party central: Freddie Achom with
girlfriend Linda and daughter Tigerlily
is swapping Hampstead for the
And with one eye on prices beginning
to slip in the capital, he's started
marketing his plush North London flat
in Hampstead, unsure he'll get
another chance to ask £1.7million for
'I'm actually in no hurry to sell,' says
Achom, who owns four other homes in
Paris, Miami, Val d'Isere in the French
Alps, and Lagos in Nigeria.
'But I know buying and selling property is a matter of timing. If I sell now and the market slides, I
will have done the deal at the top of the curve.
'I can then wait as prices continue to fall until I find a vendor in Gloucester willing to drop to
£2million and that will make me feel as if I have done well.'
With a diverse collection of business interests including importing wine, luxury kitchen design,
restaurants and nightclubs, Nigerian-born Achom has a reputation as an astute investor, with his
Rosemount Group recently valued at £25million.
Given his career as a nightclub impresario, it's no surprise to find his flat is perfect for throwing
parties. A bachelor when he bought it for £760,000 seven years ago, he gutted it and knocked out
dividing walls in the living room.
Keeping the beautiful wide oak floorboards, he tiled the kitchen installing floor LEDs, poured a
black resin floor in the hall, created a master bedroom dressing area, added two en suites and
installed top specification light and sound, spending £200,000 including the luxury furnishings.
Plush: The main living area at the North London flat is now a flowing open-plan space
The main living area is now a flowing open-plan space, more than suitable for entertaining stars
such as Pete Doherty and Leonardo DiCaprio after the entertainment at Jalouse has finished.
No expense has been spared on the interior, and Achom has filled almost every available bit of
wall space with expensive art. Above one fireplace, for example, he has hung an original by Bob
Dylan and he says his most
expensive work is a Banksy,
worth around £180,000.
But now that he has a two-year-
old daughter, Tigerlily, with his
French model girlfriend Linda
Znotina, 29, as well as four-
year-old Wollfe, from a previous
relationship (who lives with his
mother), Achom's focus has
shifted from his bachelor pad
He now wants to find a home
better suited to growing a
'I went to private school in Staffordshire and I loved the countryside there, but I think that is a bit
too far to go from London,' he says.
'However, the views in Gloucestershire are equally beautiful and I know there are very good
In 2006 Achom bought ten twobedroom homes for his lettings portfolio in North London.
'I will still need a smaller flat in central London for a base, but I don't think driving to
Gloucestershire will take too long. Besides, Linda loves horses and wants to ride them through
'I don't believe in keeping my assets in cash. Whatever I get from this sale I want to put straight
back into property.'
Kris Smith, of selling agents Knight Frank, says the local market has already slowed in the run up
to Christmas. But sales are still being agreed. 'We are still achieving more than £1,000 per sq ft in
the area, as we were in 2007 just before the recession began,' he says.
Knight Frank, 0207 431 8686.
Read More: http://www.dailymail.co.uk/property/article-1329835/Country-clubber-Impresario-
For More Info on Frederick Achom: http://www.frederickachom.co.uk