Addison Lee founder sells London mansion at a steep loss
John Griffin, founder of the Addison Lee taxi firm, has sold his London mansion for £11.5 million. He had bought the property in 2013 for £20.7 million, and the sale leaves him with a loss of about £9.2 million. The reported price was also well below the £32 million the home was once listed for. The article links the sale to a wider downturn in London's property market, which has been hit by economic uncertainty and new tax rules.
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