Reform treasurer Nick Candy ‘sells London mansion for record-breaking £270m’ | EUROtoday

The treasurer for Reform UK Nick Candy has bought his mansion in London’s unique Chelsea district, reportedly for greater than £270m in what’s believed may very well be the most costly home sale in historical past.

The billionaire property developer, who lived in Providence House with actor and singer Holly Valance once they had been married, has been Reform’s treasurer since defecting from the Tories in 2024.

Mr Candy is a serious donor to the occasion, having given an estimated £1m final yr, and a number one fundraiser for it.

When he joined Reform, he instructed The Independent he would increase more cash for it than any political occasion within the UK had ever raised.

Together together with his brother Christian, he developed One Hyde Park in London, the place flats promote for tens of hundreds of thousands of kilos.

The identification of the client of his Grade II-listed mansion stays a secret.

The property sits in two acres of grounds that when accommodated the residence of Britain’s first prime minister, Robert Walpole and now emulate a grand nation property, with a lake and a swimming pool.

Inside it options unique Georgian particulars, social media posts by Candy’s design firm present.

Sources stated a string of presents had been acquired, although the property was by no means formally marketed.

Mr Candy declined to touch upon the sale, which was first reported by Bloomberg.

Last month it was reported that he met internationally sanctioned people on a gold mining-related go to to ­Nicaragua.

The buy worth for his mansion beats the £210m paid in 2020 for a 45-room mansion overlooking London’s Hyde Park that’s finally owned by the household of Hui Ka Yan, founding father of the China Evergrande Group.

It’s thought the world’s priciest property sale was that of a house in Hong Kong, which went for £245m in 2017. Billionaire Pan Sutong snapped up the property in a non-public enclave in a feng shui-approved place between the mountains and the ocean.

The costliest London residence bought final yr was a £41m mansion bought by Charles Lorenceau, founder of personal fairness agency Ace & Co, whereas American designer and movie director Tom Ford purchased a Chelsea mansion in 2024 for greater than £80m.

Higher property taxes have helped to dampen demand for the capital’s priciest properties. Last yr was solely the second since 2011 through which no gross sales above £50m had been recorded, knowledge present, based on Bloomberg.

Last yr, Mr Candy’s firm was awarded greater than £4.6m in damages after being lied to as an incentive to put money into a expertise start-up.

Mr Candy’s inside design and growth administration enterprise, Candy London, which designed the newly bought home, has undertaken initiatives in London, New York, Los Angeles and elsewhere. He can be concerned in developments within the Middle East.

The billionaire and Holly Valance, who shot to fame starring in cleaning soap opera Neighboursintroduced their divorce final yr. He stated in 2024 he believed Reform UK would win the subsequent basic election.