Nick Candy Penthouse Court Case Dismissed

Property mogul Nick Candy has won his legal battle in a case relating to his £175m One Hyde Park penthouse, the Daily Mail reports.

Businessman Michael Brown alleged that in 2016 he had been negotiating the sale of the flat on behalf of the Saudi royal family, but that Candy caused the deal to collapse resulting in a financial loss to him of £1.5bn.

However at a High Court hearing yesterday Judge Master Jeffries dismissed the claim saying that the allegations were ‘without any merit at all’.

The Daily Mail reports that Candy said afterwards: “This was a hopeless claim from the outset with no reasonable grounds whatsoever for bringing any kind of case against the defendants.” He added : “This has been an astonishing abuse of the court and judicial process. Mr Brown has deliberately used these proceedings to bring improper and abusive claims and to launder defamatory allegations in order to elicit vast sums of money.”

What is DealMakerz Prime?

In depth stories

Want to know the story behind Britain's latest property mogul? Why a company is going bust? Our coverage goes beyond run-of-the-mill news on key real estate issues.

High powered community

Our subscribers are made up of the most influential Founders and CEO's in UK property. Gain a competitive edge and get informed - read what they read.

Exclusive guest articles

Understand exactly what the most senior figures in UK property are thinking. Exclusive opinion articles from powerful real estate influencers that move markets.

Source Daily Mail
You might also like