Hugh Grant

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Hugh Grant, the quintessential English actor who rose to stardom in romantic comedies, is officially bidding farewell to his, “Love Actually” days. In 2002, the actor lived in a plush South Kensington penthouse suite at Petersham House. This was his residence while he filmed the iconic festive rom-com “Love Actually” as the Prime Minister and love interest to Martine McCutcheon’s Natalie character. However, a year later, Grant already decided to part ways with the posh property as it was reportedly too ostentatious for the notoriously publicity-shy actor. The residence then sold for a $4.8 million, which was slightly more than what he purchased it for, and in 2019 with its new owner, was listed once again. The price presented was a whopping $13.8 million but as the steep asking price failed to attract potential buyers, the home was taken off the market. Now, the London penthouse is for sale once more after a $2.8 million deduction for a total asking price of $11 million.

Located on the seventh floor of Petersham House on Harrington Road in the Royal Borough of Kensington and Chelsea, Grant’s former residence spans over 3,000 square feet with three bedrooms. The open floor plan presents a grand foyer leading into an expansive living room and dining area. The home’s interior evokes opulent and airy feel with its dazzling chandeliers and wrap-around glass windows for panoramic views of London. The expansive primary suite features an ensuite bath and spacious dressing room. Additionally, the space boasts two large guest bedrooms. Luxe amenities include a rooftop hot tub, private gym, and direct elevator access leading to the reception room. Stepping outside, the exterior space features two main terraces extending over 1,500 square feet. The west-facing terrace showcases Alpine-inspired wooden decking and carefully selected, artfully curated plants.

Alexander Millet holds the listing for this property.

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Balashev spoke at length about the UK market and how it has managed through the COVID-19 pandemic. He was hosted by Haute Living's April Donelson, who also asked him about the beginnings and growth of Montague Real Estate.

Watch the webinar below.

Highlight quotes from Balashev:

"Montague Real Estate was an accident. I sold out my diamond business in 2014. On a trip to Portugal, I came across a luxury real estate developer from Paris. I was inspired to what the real estate industry was like from an agent's point of view and said to myself that I would be moving out of the diamond market. I understood the luxury market and buyer. It was the time for me to get into real estate."

"We like to see ourselves as where wealth management, meets real estate, meets private banking. It's a melting pot where you give above average service to a client as they would be accustomed to in private banking and wealth management, but we do it for real estate."

"If we can learn anything, it's that you have to be adaptable."

"In the UK, from September through the end of the year, I think reality will set in when people release their profit and loss  statements for the quarter. The real severity of COVID on the economy will have an impact, and then we'll see how real estate looks, but right now there are deals to be done. If you are cash rich and in the market, you can buy properties for pennies on the pound."

"In the U.S., it's ok to take ownership of making something good out of a bad situation. In the UK, we don't do that enough. From a business standpoint, we have had a good past three months, and we are grateful for it."

"I'm looking forward to Art Basel in Miami, and going to New York. The only thing stopping me is being able to jump on a plane. Once those borders open, there will be craziness for the next two years."

"We will be in three continents by Spring 2021. I'm so proud of the team we have here, we do an incredible job from London, but we need to be in those regions if we're going to keep growing. I'm in love with the U.S. and have wanted to have an office there."

"We have seen inquiries from Hong Kong and Asia quadruple over the last months."

"If you have a willing buyer and seller, it's easy to do a deal. For us, to grow our brand and compete on a global level, we have to be better than the competition. You can't be nearly as good; you have to be better. The key is treating the people that work with you as well as you would treat clients."

"Anyone that thinks they want to do something in real estate, I saw go for it. The worst case scenario is you're wrong and you have to step back and reevaluate."

Watch more webinars curated by Haute Residence at dev.hauteresidence.com.

Thomas Balashev

The post Webinar: Thomas Balashev Of Montague Real Estate Talks UK Luxury Real Estate appeared first on Haute Residence by Haute Living.