When you're one of the most rich and powerful couples in all of entertainment, you have the luxury of keeping more than one home. It seems Jay-Z and Beyonce are doing just that, as they'll be heading to London for the summer.

According to the British paper, The Sun, the new parents will be moving into a "posh townhouse in west London" during the summer months. The space is reported to have five bedrooms and located near some other well-known celebrities like Simon Cowell and Sir Richard Branson, best known for owning Virgin Group and a slew of other companies.

“Both Jay-Z and Beyonce are going to be spending a lot of time in London over the next few months," a source reportedly told the paper. "Jay is over here for his Watch The Throne Tour and Radio 1’s Big Weekend and Beyonce will be launching her perfume in Europe over the summer. They wanted to have somewhere more homely now that they are parents.” Hov and Bey welcomed a baby girl, Blue Ivy Carter, back in January, which prompted Jiggaman's tribute song, "Glory."

Earlier today, Jay announced that he'd be headlining and curating the Made In America music festival in Philadelphia this September during Labor Day Weekend.

Check out the Watch The Throne European tour dates below. —Adam Fleischer

5/20 London @ O2 Arena
5/24 Switzerland @ Zurich Hallenstadion
5/26 Denmark @ Herning Arena
5/28 Norway @ Oslo Telenor Arena
5/29 Sweden @ Stockholm Globe Arena
6/1 France @ Paris Bercy
6/2 France @ Paris Bercy
6/3 Belgium @ Sportpaleis Antwerpen
6/5 Germany @ Frankfurt Festhalle
6/8 Ireland @ Dublin O2 Arena
6/11 Manchester, UK @ MEN Arena
6/13 Birmingham, UK @ LG Arena