Thomas Balashev

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Thomas Balashev
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Born (1989-06-22) June 22, 1989 (age 32)
London, England
NationalityBritish
CitizenshipUnited Kingdom
Occupation
  • Property investor
  • Entrepreneur

Thomas Balashev (born June 22nd 1989) is a property investor, entrepreneur and founder of Montague Real Estate, a London-based international real estate brokerage.[1]

Early life and career

Balashev was born in London to a Bulgarian father and a Scottish mother.[2] He left school at 16 and subsequently worked various jobs, including as a fashion shop assistant, a children’s football coach and a diamond specialist.[3] [4]

Balashev has stated that, by aged 25, he had taught himself the basics of international property markets and the global economy.[5]

Montague Real Estate

In 2015 Balashev established Montague Property, a property advisory service with a “boutique, disruptive” focus. The company’s first deal was completed later that year in Berlin.[6] [7]

In early 2020 Balashev announced initial plans for Montague Property to expand into Los Angeles, Miami and the Middle East in 2020 and 2021.[8] [9]

Later in 2020 Montague Property relaunched and rebranded as Montague Real Estate. Balashev stated the rebrand was to reflect the company’s growing international identity and growing range of services.[10]

In July 2020 Balashev and Montague Real Estate facilitated the sale of Horse Island, a 64-hectare private island in Roaringwater Bay, west Cork, Ireland, for “over £5m”. The island was purchased by an unnamed High-Net-Worth, with the sale resulting in considerable publicity as the buyer had never set foot on the island before they purchased it. Balashev stated that, due to the COVID-19 pandemic, most of the negotiations were undertaken over WhatsApp Messenger.[11] [12] [13] [14]

In July 2020, Balashev also announced the growth of Montague Real Estate’s Asian division, partly in response to the British government’s offering of British citizenship to Hong Kong citizens. Balashev stated that enquiries from Hong Kong clients had doubled in 2019 and early 2020 due to the country’s political circumstances.[15]

In August 2020, Balashev and Montague Real Estate were commissioned by African Designers of the Year couple KLûK CGDT to facilitate the sale of Ilkley, a luxury Cape Town development designed by the pair. The commission represented Balashev and Montague Real Estate’s first engagement in the African property market.[16] [17] [18]

In September 2020 Balashev and Montague Real Estate expanded into the United Arab Emirates, announcing the launch of a new UAE division and plans to start an office in the United Arab Emirates in 2021.[19]

In October 2020 Balashev and Montague Real Estate entered the US property market with an exclusive listing of an $11.9m Miami apartment.[20] Balashev had previously discussed how the US real estate industry had been a source of inspiration for him, and how he felt the UK property sector was ‘centuries behind’ the US market.[21] [22] [23]

Monta Capital

In May 2020 Balashev co-founded and launched Monta Capital, a £100m property investment fund. Balashev stated the fund would target international luxury real estate developments and high-yield investment offerings through the provision of equity, with a specific focus on bridging finance in Spain, Portugal and France.[24] [25]

Personal life

Balashev lives in London with his wife, who is Cypriot, and their children.[26]

He is a supporter of Chelsea F.C.[27]

References

  1. "Thomas Balashev – Spear's 500". Retrieved 2020-10-26.
  2. "The Luxury Channel – Montague Property – A Modern Approach To A Traditional Industry: By The Luxury Channel". Retrieved 2020-10-26.
  3. "Q&A - breaking into the old money elite". Property Investor Today. Retrieved 2020-10-26.
  4. Oct, 24; Property, 2019 | (2019-10-24). "Cutting edge • Mayfair Times". Mayfair Times. Retrieved 2020-10-26.{{cite web}}: CS1 maint: numeric names: authors list (link)
  5. "Q&A - breaking into the old money elite". Property Investor Today. Retrieved 2020-10-26.
  6. Rosenbaum, Andrew. "Cyprus regeneration should start in Larnaca, says real estate entrepreneur | Cyprus Mail". cyprus-mail.com/. Retrieved 2020-10-26.
  7. Oct, 24; Property, 2019 | (2019-10-24). "Cutting edge • Mayfair Times". Mayfair Times. Retrieved 2020-10-26.{{cite web}}: CS1 maint: numeric names: authors list (link)
  8. Louwers, Brian. "UK luxury real estate company eyes expansion in LA". Los Angeles Downtown News - The Voice of Downtown Los Angeles. Retrieved 2020-10-26.
  9. "Q&A - breaking into the old money elite". Property Investor Today. Retrieved 2020-10-26.
  10. "Montague appoints head of new Middle East division". www.propertyfundsworld.com. 2020-09-07. Retrieved 2020-10-26.
  11. correspondent, Rory Carroll Ireland (2020-07-14). "Private island off Ireland's south coast sold for €5.5m via video". The Guardian. ISSN 0261-3077. Retrieved 2020-10-26.
  12. CNN, By Rob Picheta. "A private island off the coast of Ireland just sold for $6 million. The buyer only saw it in a video tour". CNN. Retrieved 2020-10-26.
  13. "Horse Island: Shopping for a private island in a pandemic". BBC News. 2020-07-19. Retrieved 2020-10-26.
  14. Paul, Mark; Burns, Sarah. "Dublin banker sells island off coast of west Cork for €5.5m". The Irish Times. Retrieved 2020-10-26.
  15. "UK's stamp duty break may draw Hongkongers fleeing security law". South China Morning Post. 2020-07-14. Retrieved 2020-10-26.
  16. Kwazi, Thami. "Inside exclusive R22.5m state-of-the-art Cape Town apartment designed by KlûK CGDT". The Citizen. Retrieved 2020-10-26.
  17. "Luxury: The Fashion Issue". The National. Retrieved 2020-10-26.
  18. 360coordinator. "Montague Real Estate Archives". 360 MAGAZINE | ART + MUSIC + DESIGN + FASHION + AUTO + TRAVEL + FOOD + HEALTH. Retrieved 2020-10-26.
  19. "UK real estate group Montague names Mideast head". www.zawya.com. Retrieved 2020-10-26.
  20. "You are being redirected..." www.hauteresidence.com. Retrieved 2020-10-26.
  21. "The Luxury Channel – Montague Property – A Modern Approach To A Traditional Industry: By The Luxury Channel". Retrieved 2020-10-26.
  22. "UK property sector 'centuries behind the US', says ambitious London firm • PrimeResi". PrimeResi. 2020-04-24. Retrieved 2020-10-26.
  23. "Q&A - breaking into the old money elite". Property Investor Today. Retrieved 2020-10-26.
  24. Hickey2020-05-14T08:05:00, Sally. "New M Capital £100m real estate fund launching in June". Property Week. Retrieved 2020-10-26.
  25. elEconomista.es. "El inmobiliario atrae inversión en plena pandemia: aterriza en España el fondo de deuda M Capital - elEconomista.es". www.eleconomista.es (in español). Retrieved 2020-10-26.
  26. Rosenbaum, Andrew. "Cyprus regeneration should start in Larnaca, says real estate entrepreneur | Cyprus Mail". cyprus-mail.com/. Retrieved 2020-10-26.
  27. "The Luxury Lifestyle List: Thomas Balashev, leading property investor". Luxury Lifestyle Magazine. Retrieved 2020-10-26.

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