Reform treasurer Nick Candy ‘sells London mansion for record-breaking £270m’
Nick Candy, Reform’s UK treasurer, has sold his mansion in London’s exclusive Chelsea district for reportedly more than £270 million; It is believed that this could be the most expensive home sale in history.
The billionaire property developer, who lived at Providence House when he married actress and singer Holly Valance, has been Reform’s treasurer since leaving the Conservative Party in 2024.
Mr Candy is a major donor to the party, giving nearly £1 million last year and is one of its fundraising leaders.
When he joined Reformation he said: Independent it would raise more money for this than any other political party in the UK.
With his brother Christian, he developed One Hyde Park in London, where flats sold for tens of millions of pounds.
The identity of the buyer of the Grade II-listed mansion remains a secret.
The property sits on two acres of land that once housed the residence of England’s first prime minister, Robert Walpole, and now mimics a large country estate with a lake and swimming pool.
It has original Georgian details inside. social media posts At Candy’s design company show.
Although the property was never formally marketed, a number of offers were received, sources said.
Mr. Candy declined to comment on the sale, which was first reported by Bloomberg.
He reportedly met with individuals subject to international sanctions during a gold mining-related visit to Nicaragua last month.
The purchase price of his mansion dwarfs the £210 million paid in 2020 for a 45-room mansion overlooking London’s Hyde Park that eventually belonged to the family of Hui Ka Yan’s founder, Hui Ka Yan. China Evergrande Group.
The world’s most expensive property sale is thought to be a house in Hong Kong that cost £245 million in 2017. Billionaire Pan Sutong purchased the property in an exclusive residential area in a feng shui-approved location between the mountains and the sea.
The most expensive house sold in London last year was the £41 million mansion purchased by Charles Lorenceau, founder of private equity firm Ace & Co, while American fashion designer and film director Tom Ford also bought the Chelsea mansion in 2024 for over £80 million.
High property taxes have helped reduce demand for the capital’s most expensive homes. According to Bloomberg, data shows that last year was the second year since 2011 that no sales above £50 million were recorded.
Last year, Mr Candy’s company was awarded more than £4.6 million in damages after being lied to as an inducement to invest in a tech start-up.
Mr. Candy’s interior design and development management company, Candy London, which designed the just-sold home, has undertaken projects in London, New York, Los Angeles and elsewhere. It is also involved in developments in the Middle East.
Billionaire and Holly Valance, who rose to fame by starring in a soap opera neighborsannounced their divorce last year.
He said he believed Reform UK would win the next general election in 2024.
