Candy Sells £270M House in Record-Breaking Reform Fundraiser Sale

Nick Candy has reportedly sold his Chelsea residence for about £270m, according to Bloomberg. The buyer has not been named. At that valuation, stamp duty would exceed £30m.

The property features a swimming pool and a private lake. Parts of the house contain elements more than 200 years old. Candy is best known as the developer behind One Hyde Park in Knightsbridge.

Record context and market data

The transaction has been described as a record-breaking sale for a UK home. It would surpass a reported £210m mansion overlooking Hyde Park. It also appears to exceed the price paid for a New York penthouse owned by Ken Griffin.

Industry figures say the deal is unusual amid subdued activity in London’s prime market. Data from Lonres shows 31% fewer sales for prime properties in February year on year. Completed prime sales values fell by 10% over the same period.

Sotheby’s International Realty led the transaction, the reports state. Candy’s family office declined to comment. Sotheby’s did not immediately respond to requests for comment.

Political links and donations

Candy serves as Reform UK’s chief fundraiser and holds the party treasurer role. He works closely with Nigel Farage on building City connections. He previously gave donations to the Conservative Party.

Over the past year he made regular payments to Reform, reportedly between £100,000 and £250,000. His fundraising profile has attracted media attention alongside his property dealings.

Recent public profile and legal matters

The Sunday Times reported on a recent meeting Candy held with Nicaraguan figures. He mounted a takeover bid for Chelsea FC in 2022. In the High Court he won a £4.6m fraud judgment against Robert Bonnier.

Filmogaz.com will update this story as new details emerge. The reported figures and descriptions come from market sources and Bloomberg.