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Billionaire Michael Bloomberg just won a bidding war for this historic London mansion

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Bloomberg London Mansion

Michael Bloomberg has acquired some prime property in Central London — but it didn't come easy.

Though the mansion was listed for $23.4 million, it was eventually purchased by Bloomberg for $26.5 million after a bidding war broke out among interested parties, according to the Daily Mail. The mansion is a historic, preserved building that sits along the River Thames and can only be accessed by a private road.

Bloomberg also owns a $31 million abode in the Knightsbridge section of London. As reported by The New York Timesthe gigantic new London headquarters of Bloomberg LP will be completed by 2016.

Lulu Egerton of Strutt & Parker Real Estate handled the listing.​

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Bloomberg's newest address rests in the exclusive Cheyne Walk section of London's Chelsea neighborhood, on the banks of the River Thames.



The residence is described as a "Grade II* listed building," which is London real estate speak for a historical building that's part of the slim 5.5% of Grade II listings on the market.

Source: Historic England



The house was originally built in 1715.



See the rest of the story at Business Insider

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