From selling a one-bedroom flat in Earls Court to a £900m deal to buy Chelsea Barracks, the Candy brothers rise is the definition of meteoric.
Born in Surrey, Nick and Christian Candy bought their first property for £122,000, helped by a £6,000 loan from their grandmother. Eighteen months later they sold it for a £50,000 profit. Trading under the Candy & Candy banner from 1999, the brothers developed a successful niche redeveloping and selling on property to a wealthy clientele looking for ultra luxurious homes.
Describing the interiors of their properties, Nick, the elder of the brothers, said they provided a “polycentric experience". Gadgets installed in homes included 360-degree mirrors and life-size video screens that enabled owners to picture themselves.
It was with their purchase, backed by the Qataris, of Chelsea Barracks that Candy & Candy entered the big time, though the subsequent legal actions and a intervention by Prince Charles mean the site remains undeveloped nearly two years after they took possession.
One Hyde Park is their most ambitious project yet. Prices for apartments average about £6,000 a square foot - the highest ever paid for residential space, according to property experts.
Original article appeared on - http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8269064/Profile-the-Candy-Brothers.html
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