Singer songwriter Ed
Sheeran has become a property magnate, having spent £42m on property in seven
years according to a newspaper report.
The Sun says that as well
as four houses in Suffolk worth £2.8m Sheeran owns a house and a restaurant in
Notting Hill worth £21.3m, two flats in Shoreditch worth £1.45m, six flats in
Hammersmith worth £5.6m, three homes in Holland Park worth £7.7m and two houses
in Chiswick worth £3.7m.
The Sun quotes an unnamed
‘financial expert’ as saying: “He’s been incredibly shrewd by ploughing his
money into property. And by focussing on London,
where the market is still growing, he can charge top whack to renters.”
Companies House records
shown that Sheeran has significant control (defined as owning more than 75% of
the shares) in a property letting and management company called Maverick
Properties Limited. Sheeran’s manager Stuart Camp is also a director.
The Sun has somewhat
sensationalised this story in its usual style. However, many investors would
probably agree that, looked at objectively, Sheeran’s portfolio is not that
big, not that exciting and given that it seems focussed on the most expensive London locations probably
not that high yielding either.
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