Property Mogul Nick Candy Lists US$241 Million Hyde Park Penthouse
The London duplex—which encompasses a champagne room and resort-like spa amenities—is now the priciest home for sale in the city
Accepting both cash and crypto, the One Hyde Park Penthouse sets a new stand for luxury in one of London’s most luxurious neighborhoods. The 18,000 square foot duplex is the crowning jewel of the Residences at the Mandarin Oriental and the brainchild of the CPC Group and Waterknights.
Property tycoon Nick Candy, looking to capitalize on the recent surge in demand for super-luxury homes, is ready to part with his sprawling London penthouse—complete with a champagne room and uninterrupted views across Hyde Park—for the sizable sum US$241 million, according to his spokeswoman.
The apartment is at the lavish, park-side One Hyde Park, an opulent trophy project developed, designed and managed by firms controlled by Mr. Candy, 48, and his brother, Christian.
Estate agencies Savills and Knight Frank have been appointed to the deal, but the five-bedroom home—which became available this week—hasn’t been formally listed and the sale is expected to be done directly given the caliber of the property, the spokeswoman said.
“This is a truly exceptional penthouse over two floors of this exceptional scheme,” Jonathan Hewlett, head of the London region for Savills, said in an email comment. “And, as its address suggests, it commands fabulous views over Hyde Park.”
Knight Frank declined to comment on the listing.
There’s a double-height reception room with a bespoke glass fireplace and views across Hyde Park; two studies with bespoke home working set-ups, audio-visual equipment and meeting areas; a champagne room; and an illuminated temperature-controlled wine room for 750 bottles.
Plus there’s a games room with a cocktail bar; a home cinema; a gym; a spa with a treatment room, a sauna and steam room, a massage room, and a manicure and pedicure area; and two wraparound terraces.
It’s mega deals such as that one—along with private requests he’s received from trophy buyers in the U.S., Hong Kong and China—that prompted Mr. Candy to list the home for sale, his representative said.
Last month, another penthouse at One Hyde Park sold unfinished for an estimated £111 million. With the addition of stamp duty and fit-out costs, the actual cost of that 14,000-square-foot apartment will likely be in the region of £150 million to £160 million, she added.
“After five years of price falls, the capital is set for a reset, and the latest numbers from Knight Frank’s super-prime data confirm that London is on top of the world,” the report said.
Upon arrival, its two-story reception room gives guests an impressive welcome with a custom two-way fireplace and floor-to-ceiling windows that wrap the space in views of Hyde Park. Of the five bedrooms, the main suite features dual dressing rooms and bathrooms fully lined in marble, while a Japanse-inspired kitchen with a 750-bottle wine room, private spa with sauna and steam room, fitness studio, and two outdoor terraces make up the rest of the condo. Purchase also includes four parking spaces, four storage units, and access to the Mandarin Oriental’s concierge team. Primed to be London’s most expensive penthouse, it can be yours for just 4,300 Bitcoins.