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Millionaire Lowes heir and husband set to move into opulent villa near Monaco after deciding to pack up their life in Australia to give their children a 'European lifestyle'
After recently offloading his Sydney mansion for a whopping $23.5 million, Lowes clothing retail heir Joshua Penn is headed to France with his family.
Joshua, 37, is planning to relocate to the French Riviera in 2026 with husband Ben Palmer and children Brooklyn, seven, and Blake, four.
The couple have snapped up the stunning Villa Marisol on the sunny, coastal slopes of the Cap d' Ail.
With pristine beaches and the town centre in walking distance, the luxurious pad is also located just minutes away from Monaco - the playground of the über-rich.
The stunning villa was built in 1908 for the feminist writer Gabrielle Reval, co-founder of French literary prize the Prix Femina.
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The villa also has long history, hosting the likes of French aristocrat, Marie de Rabutin-Chantal, and American born French actress and singer, Josephine Baker.
Described as one of the property gems of the Cap d' Ail, Villa Marisol is surrounded by 1,000 square metres of landscaped grounds that lead to the main entrance porch.
The entrance level is opulence personified, boasting the original mosaic hallway.
The magnificent columned hallway on the garden level leads to the two grand master bedrooms opening onto a small private garden.
Speaking to The Daily Telegraph, the couple described their new digs as a 'palace' adding that they were keen to relocate to expose their children to the 'European lifestyle'.
It comes as Joshua recently sold his Sydney mansion for a whopping $23 million.
The sprawling four-bedroom, five-bathroom property, located at Point Piper, was originally snapped up by Josh's mother and father - Linda and David Penn - in 2021 for a cool $16 million.
Joshua who co-owns the home with Ben, first listed the 1905 era home for $28 million.
The couple and their children have been living at the exclusive address for three years while renovating another property in nearby Double Bay, The Wentworth Courier reported on Wednesday.
According to property records, the retail heir's parents have maintained a 70 per cent stake in the mansion, which is known as the 'Capri'.
Still, Josh and Ben are listed as 'owners' of the land title on the beautiful two-storey sandstone and brick home.
According to the publication, the couple snapped up a four-bedroom, two-bathroom 'Spanish influenced' home in Double Bay for $6.7 million in 2020 which they extensively rebuilt.
Josh and his mother Linda were recently seen at the Gold Dinner charity event.
The Lowes Menswear CEO, who, alongside her brother and Lowes co-owner Jeffrey Mueller is worth a cool $400 million, held court at the glamorous do earlier this month.
Linda heads the Gold Dinner Committee alongside her son Joshua, and rules the charity event with an iron fist.
Every year an influential mix of business and philanthropic leaders attend, and the gala was once also littered with A-listers before Josh and his mother banned them from the event.
In the past, celebrities like Chris Hemsworth, Roxy Jacenko, Ian Thorpe, Hamish Blake and Karl Stefanovic made appearances on the red carpet.
Gold Dinner co-chair Joshua revealed ahead of the 2024 gala that the event will shun celebrities going forward, as they 'don't seem to add much value'.
He said that the attention is usually too much on the celebrities, rather than on the purpose of the event.
The invitation-only gala is held annually at a secret location in Sydney and is given a unique theme every year.
