Nick Candy Buys His One Hyde Park Penthouse For A Record Breaking £160m

Property tycoon Nick Candy has sold himself his own penthouse in One Hyde Park for £160 million, making it Britain’s most expensive home ever sold.

Candy, who developed One Hyde Park with his brother Christian, has owned the two-storey penthouse since the Knightsbridge development was completed in 2009.

Candy sold the property this summer to an offshore company he controls in Guernsey, called PHB London Holdings, in order to remortgage it with an £80 million loan from Credit Suisse.

The transaction was recorded by the Land Registry as a sale, making it by far the most expensive property ever sold in the UK.

But a spokesman for Candy said the tycoon owned PHB London and therefore still owned the penthouse.

“I can confirm that this is indeed a refinancing rather than a sale,” the spokesman told the Times.

According to the newspaper, the ownership restructure will make it easier to rent out the apartment.

The loan is believed to be one of the largest ever advanced on a British property.

Candy previously lived in the apartment with his wife, the singer and actress Holly Valance.

It has two wine cellars, heated marble floors, a pedicure room, two underground parking spaces and balconies overlooking the park.

The price exceeds the previous UK house price sale record of £140 million for Park Place, a stately home near Henley-on-Thames, which was bought by Russian exile billionaire Andrey Borodin in 2011.

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