Real Estate

Tom Ford Buys £80 Million London Mansion in Year’s Top Deal

  • American designer said to purchase house in Chelsea district
  • US buyers propping up London’s beleaguered luxury-home market
Tom FordPhotographer: Dia Dipasupil/Getty Images
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American billionaire Tom Ford has bought a mansion in London’s high-end Chelsea district for more than £80 million ($104 million), making it the UK’s most expensive home deal this year.

The fashion designer purchased the property — nestled in a neighborhood famous for its stucco-fronted mansions — this summer, according to people familiar with the matter who weren’t authorized to discuss the transaction. A representative for Ford declined to comment.