Sweet Jesus: Nick Candy asks $241M for London penthouse

Developer’s One Hyde Park unit is 18K sf. Yes, you heard that right

National Weekend Edition /
Apr.April 18, 2021 02:00 PM
Nick Candy and One Hyde Park (Getty, Wikimedia/Rob Deutscher/Flickr)

Nick Candy and One Hyde Park (Getty, Wikimedia/Rob Deutscher/Flickr)

London housing prices are expected to steadily rise in the coming years after having fallen during the pandemic. But developer Nick Candy isn’t waiting around to sell his massive penthouse at a sky-high price.

Candy is asking 175 million pounds — or roughly $241 million — for his 18,000-square-foot unit in London’s ultra-luxury One Hyde Park complex in Knightsbridge, according to Bloomberg. Candy confirmed he was hunting for a buyer, citing a “huge surge” in demand for high-end properties in the British capital.

The unit spans two floors with five bedrooms and a list of amenities that include a spa room, home theater, a champagne room, and a wine room with space for 750 bottles. The main suite’s bathroom is almost the size of a typical flat. It’s for sale with or without the furnishings.

If sold near asking, the penthouse would be among the priciest residential deals ever in the U.K. Demand has been down somewhat in recent years for ultra-expensive real estate there because of rising taxes, but buyers with enough dough for nine-figure deals are still cutting them.

Candy’s asking price seems astronomical, but he may be taking a cue from a future neighbor. Last month, hedge fund billionaire Suneil Setiya was said to be in talks to pay around $153 million for a 14,000-square-foot penthouse in the same building.

Last year, Hong Kong-based billionaire Cheung Chung-Kiu paid around $262 million for a massive home in Knightsbridge. A penthouse at 1 Grosvenor Square in Mayfair sold for $185.5 million in the fall. And don’t forget Ken Griffin’s record-setting $238 million penthouse purchase at Vornado Realty Trust’s 220 Central Park South in Manhattan in 2019.

[Bloomberg] — Dennis Lynch


Related Articles

arrow_forward_ios
Celebrity broker Ryan Serhant is renting his Hudson Square penthouse. (Serhant)
Ryan Serhant rents Lower Manhattan penthouse for $15K
Ryan Serhant rents Lower Manhattan penthouse for $15K
Birmingham and Bournemouth both saw a giant increase in demand. (Getty)
Demand for rentals rises in UK’s largest cities in Q1
Demand for rentals rises in UK’s largest cities in Q1
This Arkansas compound sits directly across from the University of Arkansas football stadium. (Getty, Realtor.com)
Arkansas’ priciest home lists near Fayetteville football stadium
Arkansas’ priciest home lists near Fayetteville football stadium
Glympton Park and Prince Bandar bin Sultan. (Getty, Twitter via NicholasKingsle)
Saudi prince sells 2K-acre UK estate to Bahrain’s royal family for $165M
Saudi prince sells 2K-acre UK estate to Bahrain’s royal family for $165M
Jerry Seinfeld and his Telluride estate (Getty, Realtor)
Jerry Seinfeld wants $15M for Telluride estate
Jerry Seinfeld wants $15M for Telluride estate
Tom Cruise and his four bedroom property. (Getty, LIV Sotheby's Realty)
Tom Cruise looks to sell sprawling Telluride compound for $40M
Tom Cruise looks to sell sprawling Telluride compound for $40M
Suneil Setiya and the One Hyde Park complex (Photos via Wikipedia Commons/Rob Deutscher and Synergos)
Phat flat: Hedge funder nears deal for $153M London penthouse
Phat flat: Hedge funder nears deal for $153M London penthouse
Bryan Cranston and his California beach house (Getty, Realtor)
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...