Showbiz

Madonna buys sixth London property

Published Monday, Jun 25 2007, 15:52 BST | By Matthew Houghton
Madonna buys sixth London property
Madonna has splashed out £6 million on her sixth London property.

The ten-bedroom Georgian townhouse in Marylebone was bought from designer-developer Paul Davies, who was recently in the news for charging £40,000 a week for one of his properties.

The house has six floors and is joined to Madonna and Guy Ritchie's current family home.

A source told the Daily Mail: "Madonna has been a very shrewd investor in property - this is her fourth in the area. She knows the prices are significantly lower than in Mayfair but that the area is coming up. She has said she'd like to buy the whole street.

"She was really keen to get her hands on this house because she knows once Paul Davies starts developing properties an area can skyrocket in price.

"She was calling him for eight months and her initial offers were rejected, but after a series of meetings he agreed to sell."
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