
Britain's Most Expensive Home Sold for £265M
About this episode
Hedge fund boss Suneil Setiya purchases Providence House, a two hundred sixty-five million pound mansion, from developer Nick Candy, setting a new record for the UKs most expensive home sale. The Grade II-listed property, once home to the first prime minister, features a private lake, underground pool, and Europes first Imax cinema. Setiya, a top Labour donor and philanthropist, outbid secret buyers in a hot market dominated by cash purchases, including non-doms avoiding tax perks.
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UK News Today | 2 Min News | The Daily News Now! — Britain's Most Expensive Home Sold for £265M. Machine-transcribed; use the interactive transcript above to jump the player to any line.
On April 16th, Britain's priciest home sale just dropped, with a 265 million-pound mansion changing hands. Heads fun boss to kneel Satia, snagged Providence House from developer Nick Candy, smashing records as the UK's biggest ever house deal, maybe even, worldwide. Satia co-founded Quadrature Capital, raking in massive cash from automated trading. He's a top-labor donor, dropping 4 million pounds before last year's election, plus he's all in on philanthropy. Top the giving list by donating. Nearly 14% of his 980 million-pound fortune, Candy, reform UK's treasurer, poured big money into the place alongside his brother, turning the grade 2 listed gem once home to the first prime. Minister into a luck spot with a private lake, underground pool, and Europe's first IMAX cinema. The crib hosted reform fundraisers and even a Trump campaign event with Don Jr., but it wasn't publicly listed, drawing secret bids before Satia.
Sealed it through Sotheby's. This tops the old record of 210 million pounds for a high-part pet, and made a hot market where cash buyers, including non-doms bailing on tax. Perks snapped up luxury spots left and right, showing the ultra-rich games days wild.
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