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Candy Brothers Sell Chelsea Mansion for Record-Breaking £265M

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Billionaire Nick Candy sells his Chelsea mansion, Providence House, for a record-breaking £265 million, surpassing the previous London record. The property, originally bought for £75 million, underwent extensive renovations and hosted high-profile events. Candy, a major donor to Reform UK, is now eyeing Middle East real estate amid his recent divorce.

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Candy Brothers Sell Chelsea Mansion for Record-Breaking £265M

UK News Today | 2 Min News | The Daily News Now!

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UK News Today | 2 Min News | The Daily News Now!Candy Brothers Sell Chelsea Mansion for Record-Breaking £265M. Machine-transcribed; use the interactive transcript above to jump the player to any line.

On April 2nd, billionaire property developer Nick Candy just sold his Chelsea mansion, Providence House, for 265 million pounds. Smashing Britain's record for the pricey's home sale and ranking among the world's biggest residential deals. His brother Christian snapped it up originally for 75 million pounds, then the dual poured years into renovations using Nick's design firm, adding a private lake and underground pool while keeping those classic Georgian vibes. The place hosted high profile events like a Reform UK fundraiser last September and a bash for Donald Trump's campaign with his son Don Jr. showing. Up to months prior, it wasn't even publicly listed, but drew multiple big offers. Candy, Reform UK's Treasurer and a major donor to the tune of nearly 1 million pounds this year, also linked Nigel Farage with Elon Muskat. Mar-a-Lago last year, this sale tops the previous London record of 210 million pounds by a Chinese billionaire in 2021.

With other trophy properties like a one-high-part pinhouse and L.A. spots under his belt, Candy's eyeing Middle East real estate now, calling Dubai. Safer than Sadiq Khan's London amid his recent divorce, expect ripples in the luxury market as non-doms keep cashing out.

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