A London penthouse, thought to be the city’s most expensive, is on sale for an estimated £175 million ($242m). The property, owned by British entrepreneur Nick Candy, is one of 86 apartments at One Hyde Park, in Knightsbridge, a five-minute walk from the famed Harrods department store.
The 1,670-square-metre penthouse, which overlooks Hyde Park, is split over two levels and has five bedrooms. It includes two wraparound terraces, a champagne room, a private spa and gym, a media room, a bar and a four-car parking space, according to Bloomberg, which reported on the sale.
There’s also a 21-metre swimming pool, a cinema, a private library and a golf simulator, as well as heated marble floors and bulletproof windows. The size of the apartment is equivalent to 18 average English homes, Bloomberg estimates.
Candy, who owns the interior design firm Candy & Candy, has made a fortune buying and selling luxury homes in the UK. He told Bloomberg he is put the property on the market following a “huge surge” in demand for London’s best home, and will also accept Bitcoin or Ethereum payments.
While Candy has not named the price he's seeking, Bloomberg says the apartment was refinanced with a loan from Credit Suisse Group AG in 2018. Then, the property was valued at £160m ($221m). Estate agents Savills and Knight Frank, which are brokering the current sale, have not commented on the price.
The property was in the news in 2019 when a potential sale of the apartment allegedly fell through, leading to a £1.5 billion ($2bn) lawsuit by Michael Brown who claimed that he had been negotiating a £175 million ($242m) purchase of the penthouse. A judge later threw out the case, saying the allegations were "without any merit at all".
Candy previously lived in the property with his pop star wife Holly Valance, and put it up for rent in 2018 for £150,000 ($207,000) a week. One Hyde Park was developed by the CPC Group, owned by Candy's brother Christian Candy, and Waternights, a private company owned by Sheikh Hamad Al Thani, former prime minister of Qatar.
The penthouse is “a world-class real estate asset in the heart of London that will continue to perform as a solid investment for years to come”, Candy told Bloomberg.