Herbert Wigwe Among Top Foreign Owners of London Properties

Herbert Wigwe, the late former Group CEO of Access Bank, has been ranked seventh among the top 10 foreign landlords of luxury real estate in London, according to a report. He owned seven properties valued at £106 million, located in prestigious areas such as Oxford Street, Canary Wharf, and Greenwich Peninsula.

Wigwe tragically passed away in a helicopter crash on February 9, 2024, alongside his wife and son near the California-Nevada border. His inclusion in this ranking underscores the growing footprint of Nigerian high-net-worth individuals in the global real estate market.

The report highlights the trend of foreign investors acquiring high-value properties in London, often using offshore structures to maintain anonymity. This practice has come under scrutiny since the UK government introduced reforms in 2022 mandating foreign property owners to disclose their identities in a public register, aimed at increasing transparency in the real estate sector.