Brexit Is a Luxury Property Opportunity, Indian Billionaire’s Son Says

  • Poonawalla says weak pound, distressed sellers, mean bargains
  • He sees U.K. economy taking two-year hit before rebounding

Adar Poonawalla.

Photographer: Dhiraj Singh/Bloomberg

Two years ago, Adar Poonawalla failed in a bid to turn London’s historic Grosvenor House Hotel into his family’s second home. Now he’s on the lookout for a consolation prize, courtesy of Britain’s exit from the European Union.

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