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Frederick Achom: Impresario to swap £1.7m
London flat for quiet life in Cotswolds
By MARK ANSTEAD, London
15th November 20...
No expense has been spared on the interior, and Achom has filled almost every available bit of
wall space with expensive a...
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Frederick achom to swap £1.7m london flat for quiet life in cotswolds

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Frederick achom to swap £1.7m london flat for quiet life in cotswolds

  1. 1. 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 no exception. 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 £2million. 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 Cotswolds 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 it. '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.
  2. 2. 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 lifestyle. He now wants to find a home better suited to growing a family. '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 schools there.' 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 the countryside. '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- swap-1-7m-London-flat-quiet-life-Cotswolds.html#ixzz15S1fM5SU For More Info on Frederick Achom: http://www.frederickachom.co.uk

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