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Adele buys THIRD mansion in Beverly Hills

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Adele is monopolising her Beverly Hills suburb, having just purchased a third home, next to the other two she owns, in a star-studded neighbourhood.  

New photos show the magnitude of her growing Beverly Hills property empire after purchasing her third home from Nicole Richie and her musician husband Joel Madden, with the house sitting next door to both her current home and the house she purchased from ex-husband Simon Konecki in 2019.

The four-bedroom, four-bathroom mansion, with pool and basketball court, was sold for $9,950,000 on May 26. Her trio of properties look to have potential to create a giant compound. 

Her neighbourhood domination is akin to Ed Sheeran’s epic property move, in which the singer splashed out some of his estimated £160million fortune to create his own extraordinary estate – dubbed ‘Sheeranville’ – including five properties bought for a total of £3.7 million.

Amazing! Adele is monopolising her Beverly Hills suburb, having just purchased a third home, next to the other two she owns, in a star-studded neighbourhood

Amazing! Adele is monopolising her Beverly Hills suburb, having just purchased a third home, next to the other two she owns, in a star-studded neighbourhood

Some of Adele’s closest Hollywood friends live nearby such as Jennifer Lawrence. In 2016, the singer purchased a four-bedroom, six-bathroom home for $9.5 million, complete with pool and summerhouse.

After splitting up from Simon in April 2019, Adele clearly didn’t want to break the family dynamic. The following month, she bought the six-bed property opposite for $10.65 million, so that her former spouse could still be close to their son Angelo, eight.

Adele’s latest purchase was originally bought by Richie and Madden in 2015 for $6.7 million, which is directly opposite her BFF Lawrence.

Her first two properties were purchased under the names The Gatefield Trust and Todd Gelfand, a partner at Adele’s business management company Gelfand, Rennert & Feldman. 

Impressive! She bought the new mega mansion from her friend Nicole Richie

Impressive! She bought the new mega mansion from her friend Nicole Richie

All the greats! A number of stars live in close proximity to the songstress

All the greats! A number of stars live in close proximity to the songstress

Happy days: In 2016, the 33-year-old purchased a four-bedroom, six-bathroom home for $9.5 million, complete with pool and summerhouse from Nicole (pictured together last year)

Happy days: In 2016, the 33-year-old purchased a four-bedroom, six-bathroom home for $9.5 million, complete with pool and summerhouse from Nicole (pictured together last year)

Adele’s Hidden Valley Trio 

HOUSE ONE: Adele’s current home

– Purchased for $8.4million in 2016 

– Four bedrooms, six bathrooms 

HOUSE TWO: Adele’s ex-husband Simon Konecki’s home

– Purchased for $10.65million in 2019

– Five-bedrooms, six-bathrooms, 6,045 square feet and sits on nearly an acre 

HOUSE THREE: Adele’s new purchase 

– Purchased for $10million in 2021

–  Four-bedroom, four-bathroom, with pool and basketball court

The most recent is under The Onwards Alba Trust and Michelle Morton, managing director and partner at Gelfand, Rennert & Feldman.

Actress Lawrence purchased her five-bed estate from Jessica Simpson for $8.2 million in October 2014, which was also owned by Ellen DeGenres and Australian actor Paul Hogan.

Out of 33 properties in Hidden Valley, 11 are owned by mega-stars, who all live within a stone’s throw from each other.

Richie’s sister-in-law Cameron Diaz and husband Benji Madden bought their sprawling English-style single-story residence in the same year for $9.3m, complete with six bedrooms, pool and tennis court.

Penelope Cruz and actor spouse Javier Bardem, who were one of the original residents, purchasing their modest four-bedder for $3.3 million in 2010.

Nicole Kidman, 52, and Keith Urban, 51, are just further up the road with a five bed mansion and a pool, snapped up for $4.7 million in December 2008.

Katy Perry shelled out $19 million on a six-bedroom property, which is tucked away in the most secluded area of the street, and recently sold another one for $7.5 million, which was dubbed a ‘guest house’ for friends and family.

Ashton Kutcher purchased a two-story European-style mansion for $10.2 million in May 2014 with wife Mila Kunis, 35.

Actress Zoe Saldana, 41, splashed out $8.7 million on a Colonial Revival–style six-bedroom home, once owned by model Kimora Lee Simmons.

In 2019, it was revealed that Adele and Simon had split after seven years as a couple and two years of marriage.

Epic! The neighbourhood is a who's who of Hollywood with Adele dominating the local property market

Epic! The neighbourhood is a who’s who of Hollywood with Adele dominating the local property market

Way back when: After splitting up from husband Simon Konecki in April 2019, Adele clearly didn’t want to break the family dynamic. The following month, she bought the six-bed property opposite for $10.65 million, so that her former spouse could still be close to their son Angelo, eight (Adele and Simon pictured in 2013)

Way back when: After splitting up from husband Simon Konecki in April 2019, Adele clearly didn’t want to break the family dynamic. The following month, she bought the six-bed property opposite for $10.65 million, so that her former spouse could still be close to their son Angelo, eight (Adele and Simon pictured in 2013)

Here come the girls: This is the singer's third purchase in the exclusive suburb of Hidden Valley, where some of her chummiest Hollywood friends live such as Jennifer Lawrence (pictured)

Sweet: Richie's sister-in-law Cameron Diaz and husband Benji Madden bought their sprawling English-style single-story residence in the same year for $9.3m, complete with six bedrooms, pool and tennis court (Cameron, Adele and Jennifer pictured)

Here come the girls: This is the singer’s third purchase in the exclusive suburb of Hidden Valley, where some of her chummiest Hollywood friends live such as Jennifer Lawrence

Adele’s representative said at the time: ‘Adele and her partner have separated. They are committed to raising their son together lovingly. As always they ask for privacy. There will be no further comment.’

Adele and Simon initially began seeing one another in 2011, and welcomed Angelo the following year. 

She was born in Tottenham and brought up around the Brixton area, 

Her property ventures come worlds away from her humble beginnings when she was raised by her single mother Penny in a series of south London flats, including an abode above the This, That And The Other Discount Store in West Norwood.

Not too far to go... Back in 2019 it was revealed that Adele was living opposite her ex

Not too far to go… Back in 2019 it was revealed that Adele was living opposite her ex 

Where it all began: Her property ventures come worlds away from her humble beginnings when she was raised by her single mother Penny in a series of south London flats, including an abode above the This, That And The Other Discount Store in West Norwood (pictured)

Where it all began: Her property ventures come worlds away from her humble beginnings when she was raised by her single mother Penny in a series of south London flats, including an abode above the This, That And The Other Discount Store in West Norwood (pictured) 

Nice place to be: The home Adele bought for her ex Simon boasts lavish interiors and a superstar-worthy pool (pictured)

Nice place to be: The home Adele bought for her ex Simon boasts lavish interiors and a superstar-worthy pool (pictured) 

Stunning: Simon's five-bedroom, six-bathroom home in the neighbourhood was initially built in the early 60s and spans 6,045 square feet and sits on nearly an acre

Stunning: Simon’s five-bedroom, six-bathroom home in the neighbourhood was initially built in the early 60s and spans 6,045 square feet and sits on nearly an acre

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Detached homes see average values up £60k during the pandemic says Halifax

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The pandemic property boom has been driven by a surge in demand for larger homes, new research has revealed.

The average value of a detached home in Britain has risen at almost twice the rate for flats, according to the data from Halifax and IHS Markit.

Buyers can expect to pay on average £425,177 for a detached property, which is an increase of £60,556 or 17 per cent since March 2020.

Buyers can expect to pay on average £425,177 for a detached property, which is an increase of £60,556 or 17 per cent since the March 2020

Buyers can expect to pay on average £425,177 for a detached property, which is an increase of £60,556 or 17 per cent since the March 2020

It compares to an increase of around 9 per cent for a typical flat during the same period, where values have risen on average £13,325 to an average of £158,992.

At the same time, the average price of a terrace property has risen 15 per cent or £27,715 to £213,798, while semi-detached also rose 15 per cent or £36,841 to £280,090.

HOUSE PRICES BY PROPERTY TYPE
All Houses All Buyers UK Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 15.40% 9.10% 14.90% 15.10% 16.60%
Price Change (since Mar ’20) £33,820 £13,325 £27,715 £36,841 £60,556
Average price Dec 2021 £276,091 £158,992 £213,798 £280,090 £425,177
Source: Halifax/IHS Markit        

The data also highlighted the widening of the gaps between each type of home, with flat owners expected to spend an extra £54,806 to upsize to a typical terrace house, compared to £40,416 in March 2020.

At the same time, those currently in a terrace would need a further £66,292 to own a semi-detached home, compared to £57,166 in March 2020.

Meanwhile, home movers hoping to switch from a semi-detached to a detached property need an additional £145,087, compared to £121,371 in March 2020.

REGIONAL HOUSE PRICE CHANGES BY TYPE
% Change (since Mar ’20) All Flat Terraced Semi-Detached Detached
East of England 13.00% 7.40% 14.20% 14.80% 14.30%
Northern Ireland 14.30% -2.40% 15.20% 16.70% 13.40%
South West 18.40% 10.90% 19.00% 19.50% 20.20%
London 6.40% 0.70% 6.80% 7.60% 12.40%
Scotland 12.10% 9.60% 14.20% 13.70% 16.30%
West Midlands 14.60% 7.10% 12.60% 15.50% 17.40%
East Midlands 15.50% 12.10% 16.50% 17.50% 19.00%
North West 18.20% 13.40% 18.80% 17.00% 21.90%
Wales 21.90% 11.70% 25.10% 21.20% 24.40%
North East 14.40% 14.30% 19.80% 11.80% 15.50%
South East 13.10% 7.40% 13.70% 13.80% 15.40%
Yorkshire 16.50% 4.30% 15.40% 17.00% 18.30%
Source:  Halifax/IHS Markit        

Wales and the North West saw the greatest increase in detached home prices, up 24.4 per cent and 21.9 per cent respectively.

The most expensive detached homes are in London, at an average £910,568. The 12.4 per cent increase is almost double the average of all property types in the capital.

Russell Galley, managing director, Halifax, said: ‘Record numbers of moves have been taking place throughout the pandemic, with the demand for detached homes now greater than for any other property type, meaning the competition for those looking to buy an often larger property is fierce.

‘As employers began to crystalise longer-term plans for home and hybrid working, buyers have been able to consider homes further afield as the need to commute falls away, with properties previously considered too remote now giving families extras like garden rooms and home offices.

This trend means Wales, with its beautiful countryside and lower relative property prices, saw the strongest growth in detached homes over the past two years.’

REGIONAL HOUSE PRICES BY PROPERTY TYPE DURING THE PANDEMIC
East of England All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 13.00% 7.40% 14.20% 14.80% 14.30%
Price Change (since Mar ’20) £36,767 £13,340 £34,669 £45,351 £63,141
Average Price Dec 2021 £319,447 £192,721 £279,087 £352,699 £505,379
Northern Ireland All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 14.30% -2.40% 15.20% 16.70% 13.40%
Price Change (since Mar ’20) £21,448 -£2,327 £14,027 £22,012 £25,600
Average Price Dec 2021 £170,946 £94,922 £106,105 £153,917 £217,226
South West All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 18.40% 10.90% 19.00% 19.50% 20.20%
Price Change (since Mar ’20) £44,773 £17,038 £38,716 £49,973 £76,380
Average Price Dec 2021 £287,774 £173,502 £242,285 £306,171 £454,133
London All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 6.40% 0.70% 6.80% 7.60% 12.40%
Price Change (since Mar ’20) £31,724 £2,657 £33,159 £44,891 £100,525
Average Price Dec 2021 £525,351 £371,744 £520,359 £635,422 £910,568
Scotland All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 12.10% 9.60% 14.20% 13.70% 16.30%
Price Change (since Mar ’20) £20,795 £9,789 £18,433 £23,357 £39,783
Average Price Dec 2021 £192,988 £112,075 £148,224 £193,975 £283,214
West Mids All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 14.60% 7.10% 12.60% 15.50% 17.40%
Price Change (since Mar ’20) £29,778 £8,625 £20,532 £33,265 £57,685
Average Price Dec 2021 £234,263 £129,851 £184,061 £247,881 £389,553
East Midlands All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 15.50% 12.10% 16.50% 17.50% 19.00%
Price Change (since Mar ’20) £30,275 £13,536 £24,346 £33,919 £57,186
Average Price Dec 2021 £225,106 £125,563 £171,686 £227,336 £358,441
North West All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 18.20% 13.40% 18.80% 17.00% 21.90%
Price Change (since Mar ’20) £32,591 £14,070 £24,426 £31,917 £63,229
Average Price Dec 2021 £211,954 £118,979 £154,308 £219,294 £351,887
Wales All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 21.90% 11.70% 25.10% 21.20% 24.40%
Price Change (since Mar ’20) £36,917 £11,570 £30,111 £34,639 £62,688
Average Price Dec 2021 £205,579 £110,318 £149,966 £197,768 £319,492
North East All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 14.40% 14.30% 19.80% 11.80% 15.50%
Price Change (since Mar ’20) £20,162 £11,527 £20,071 £17,666 £37,373
Average Price Dec 2021 £159,694 £92,214 £121,187 £166,876 £278,863
South East All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 13.10% 7.40% 13.70% 13.80% 15.40%
Price Change (since Mar ’20) £43,298 £15,502 £38,704 £49,203 £78,220
Average Price Dec 2021 £374,454 £223,610 £320,944 £404,648 £586,781
Yorkshire All Flat Terraced Semi-Detached Detached
% Change (since Mar ’20) 16.50% 4.30% 15.40% 17.00% 18.30%
Price Change (since Mar ’20) £27,192 £4,708 £19,442 £29,624 £50,192
Average Price Dec 2021 £192,210 £114,535 £146,081 £203,805 £324,581
Source: Halifax/IHS Markit         

North London estate agent Jeremy Leaf said: ’Soaring demand for detached homes is not surprising as we are seeing buyers prepared to stretch themselves to purchase properties which they regard as for the longer term, rather than settling for smaller houses or flats. 

These buyers are often using money saved during lockdown by not going on holiday or other spending, to contribute towards their deposit. They are also taking advantage of continuing low interest rates even though the threat of higher repayments and inflation is looming.

‘Detached homes have long been the pinnacle in terms of what people aim for when buying property. They are popular because they offer flexibility, privacy, control and independence, which isn’t always the case with semi-detached or terraced properties where there is an element of shared space or boundaries, increasing the risk of conflict.

‘Price growth has been strongest in Wales because often affordability is greater in those markets in the first place. We have noticed the drift from the centre of towns and cities to the suburbs, country and coastal areas as people get more accustomed to hybrid working and not having to spend as much time in the centre. They are looking for higher-quality outside space and the ability to work comfortably from home.’

Separate research by Coutts found that demand has also been high for luxury leafy lodgings in the capital.

It said that sales for super prime homes worth £10million or more jumped from 56 in 2020 to 106 in 2021.

Peter Flavel, of Coutts, said: ‘For many investors these prime and super prime properties provide the opportunity to put funds into assets that offer the space they need as hybrid living continues to influence lifestyle choices.’

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Lisa Smith travelled to Turkey to study under Isis propagandist, court told

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Lisa Smith, a former Defence Forces member who denies membership of Islamic State (Isis), travelled to Turkey to become a student of a famous Islamic convert who wrote Isis propaganda, the Special Criminal Court has heard.

Michael O’Higgins SC, for Ms Smith, read out a message exchange in 2013 between his client and an American Islamic scholar John Georgelas, who was living in Egypt at the time.

Counsel said Mr Georgelas asked Ms Smith to travel to Egypt to study under him and said he would pay her to help his wife, Tania Joya, take care of their children.

Ms Smith replied: “I wouldn’t dream of accepting any money for looking after your children. If I can get the benefit of your knowledge as your student that would be more than enough payment for me.”

Mr Georgelas left Egypt with Ms Joya and arranged to meet Ms Smith in Turkey.

Ms Joya, giving evidence for a second day, told Mr O’Higgins that her husband was clever and manipulative and in 2013 was communicating with Ms Smith every day over the internet.

She said he was a respected scholar who could “overwhelm” people with his knowledge of scripture. She told Sean Gillane SC, for the prosecution, that Georgelas wrote for magazines Dabiq and Rumiyah that publish Isis propaganda

Ms Smith (39), from Dundalk, Co Louth, has pleaded not guilty to membership of an unlawful terrorist group, Islamic State, between October 28th, 2015 and December 1st, 2019. She has also pleaded not guilty to financing terrorism by sending €800 in assistance, via a Western Union money transfer, to a named man on May 6th, 2015.

Her trial is continuing in front of Mr Justice Tony Hunt, Judge Gerard Griffin and Judge Cormac Dunne at the three-judge, non-jury court.

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Rioja Estates and TORG International partner for two outlet village projects

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TORG International has partnered with leading UK outlet developer Rioja Estates for the development of two new outlets in Sweden and the UK, Malmo Designer Village and Grantham Designer Outlet Village. Both schemes have already secured planning consent, with Grantham being under construction with the opening scheduled for Autumn 2023. The Malmo outlet is expected to open in Summer 2025.

 

Conveniently located in close proximity to the Danish border, Malmo Designer Village benefits from a significant catchment area. The scheme is expected to rank in the top 25% of outlet centres in Europe in terms of traffic and is predicted to generate above-average sales density.

 

Grantham Designer Outlet Village is located on the country’s third most travelled motorway, the A1 connecting London with Northern England, and is projected to attract 3.5 million visitors annually. A lack of retail competition in the immediate area means that Grantham Designer Outlet Village will achieve significantly greater penetration of its catchment than the UK outlet industry average of 3%, namely for Phase One 7.7% and for Phase Two 8.5%.

 

Says Robert van den Heuvel, Partner Development & Leasing TORG International: “It was at Mapic 2021 that we established this new collaboration with Giles Membrey and his team at Rioja Estates, whom we have known for many years. We were impressed by the quality of their two latest developments in Sweden and the UK and are therefore delighted to be able to share our enthusiasm with the tenant community and industry at large.“

 

Adds Barbara Horatz, Partner Marketing & Retail TORG International: “We feel that both developments meet all the key criteria for a successful future outlet – the strategic location on a major motorway axis, important catchment, strong tourism potential, significant size, qualitative and sustainable architecture. There are not many strategic spots left in Europe for outlet developments and we definitely consider Malmo and Grantham as two of them.”

 

Concludes Giles Membrey: “We see Malmo and Grantham as the beginning of a great collaboration for our two companies –  there are many more opportunities for joint outlet developments that we see ahead of us and that we are already discussing, be it in Europe or in any of the other major markets globally.”

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