John Griffin sells Regent’s Park mansion at £9.2m loss

John Griffin, the founder of London taxi company Addison Lee, experienced what can only be described as a bad day after selling his London mansion overlooking Regent’s Park, leaving him with a loss of about £9.2 million, according to a report by The Telegraph. He bought the six-bedroom house on Hanover Terrace in 2013 for £20.7 million. Thirteen years later, the mansion was sold for £11.5 million. For a man who once sold his taxi firm for a fortune, this property gamble wasn’t quite worth it.Sold for nearly half the price he paid 13 years agoThe mansion sits on Hanover Terrace, in the heart of Regent’s Park. Part of a Regency-era row, the six-bedroom mansion was designed by the architect John Nash. The mansion was sold at the beginning of October for a 44% discount, according to a Bloomberg report.Griffin bought the house in the same year he sold his taxi firm, Addison Lee, to the Carlyle Group for about £300 million. He paid £20.7 million for the mansion in 2013, filings show.The house was first put on the market at a much higher price. Multiple reports suggested the mansion was listed in 2021 for £32 million. Even after several price cuts, it didn’t find a buyer. The property was...