Real estate tycoon Christian Candy sold his luxury property just west of London for around £ 125m. This is one of the biggest housing transactions of the year.
Christian and his brother Nick Candy made a name for themselves in the years following the 2008 financial crisis by selling expensive London apartments to the ultra-rich.
Christian candy According to HM Land Registry documents, in 2015 he purchased Cheval Manor, the main real estate of Sally Estate, for £ 29 million. He then acquired a series of adjacent plots and real estate, all of which connected to form a vast real estate called “Candy Land.”
Candy, 49, who has invested tens of millions of pounds in real estate, has been considering selling for three years and has trading knowledge that he initially wanted to receive £ 140m from the sale. The person said. The final buyer was from the Middle East, he added.
Tycoon sold a home overlooking London’s Regent’s Park for £ 104m in 2020.
Candy declined to comment. Luxury realtors Savills and Knight Frank both worked on the sale of his Sally Estate, the two said they knew of the £ 125m deal. Both companies declined to comment.
Outside the UK, especially London, real estate sales of over £ 100m are extremely rare.
“Less than a handful [of £100mn-plus sales a year]” Roarie Scarisbrick, a purchaser of PropertyVision, a luxury real estate consultancy, said. “It’s talked about as a market, but it’s not. It’s a series of anomalies.”
Private lands near Sally and candy-owned properties such as Wentworth and St. Georges Hill are attractive to wealthy buyers around the world.
In March, The Times reported that Kandy spent at least £ 50m connecting his real estate, including a 25-meter underground pool.
In 2021, Kandy secured a planning permit to build a network of underground tunnels connecting parts of the property, including a basement equipped to house a collection of about 60 cars.
Nick Candy is the public face of the brothers’ development efforts and has received public attention and recently failed to bid for the Chelsea Football Club. Approach to Buy Online Retailer THG.
Christians are unobtrusive and are developing luxury properties in Holland Park, western London.
The brothers’ flagship development, Knightsbridge’s One Hyde Park apartment, is one of the most expensive in the British capital.