Nick Candy, the honorary treasurer of Reform UK and a significant donor to the party, has reportedly sold his luxurious mansion in Chelsea, London, for an astonishing £275 million. This transaction, first disclosed by Bloomberg, is believed to set a new record as the most expensive property sale ever recorded in London, positioning it among the priciest real estate deals globally.
Details of the Sale and Property
The property in question, Providence House, is a Grade II-listed mansion situated within the grounds of the Royal Chelsea Hospital. It boasts impressive amenities, including a private lake and a swimming pool, adding to its exclusivity and allure. The buyer's identity remains undisclosed, maintaining a veil of privacy around this high-profile deal.
Land Registry documents indicate that the current owner is Providence House LLP, a partnership controlled by Nick Candy. His estranged wife, Holly Valance, a former pop singer and actor, is also a member of this partnership. Additionally, the title has a bank charge registered with First Abu Dhabi Bank, highlighting the financial intricacies involved.
Political Connections and Fundraising Role
Nick Candy plays a pivotal role within Reform UK, not only as a major donor but also as a key figure in fundraising efforts. Last year, he contributed approximately £1 million to the party, underscoring his financial commitment. He was notably present alongside Nigel Farage when Reform UK unveiled a controversial plan to attract wealthy individuals to the UK. This initiative, dubbed a "billionaires' bonanza" by Labour, proposed a £250,000 fee for a decade of residency and a special tax regime.
Furthermore, Candy attended a meeting between Nigel Farage and billionaire Elon Musk at Donald Trump's Mar-a-Lago resort in December 2024, illustrating his involvement in high-stakes political and business circles. Providence House itself gained attention as the venue for a fundraising event for Donald Trump in 2024, attended by his son, Donald Trump Jr., linking the property to significant political activities.
Background and Other Ventures
Nick Candy amassed his fortune through property trading in London and internationally, often in collaboration with his brother, Christian Candy. Christian Candy originally purchased Providence House in 2012, with ownership later transferred to Nick. Beyond this sale, Nick Candy has been actively marketing other high-value properties, including a £175 million penthouse at One Hyde Park in London, which carries a mortgage with the Bank of Singapore, and a mansion in Los Angeles listed for sale.
He also owns office spaces on Upper Brook Street in Mayfair, where Nigel Farage's company, Thorn in the Side, is based. Additionally, Candy is listed as the most recent ultimate beneficial owner of another Chelsea townhouse via a Guernsey company, though its annual ownership statement is currently overdue, pointing to ongoing administrative matters.
This record-breaking sale highlights the intersection of luxury real estate and political fundraising in London, with Nick Candy at the center of both spheres. As Reform UK continues to navigate the political landscape, the financial backing from figures like Candy remains a critical element of its strategy.
