Candy flat sells for £136m

Marion Dakers
THE CANDY brothers have sold one of the penthouse suites in the One Hyde Park development for a record £136.4m, documents lodged with the Land Registry show.

The anonymous buyer, under the guise of a British Virgin Islands-registered company and a Swiss private bank account, bought the three-floor apartment plus parking spaces and a wine storage room, signing a 999-year lease starting in November 2006, according to the paperwork.

The flat is the most expensive sold in the UK to date.

Around 45 apartments have now been sold and listed with the Land Registry, though some buyers have bought several flats and converted them into larger properties.

The £136m sale, registered last week, was for two flats that will be knocked through into one. The buyer used lawyers from Ukraine and is spending up to £60m on interior work.

The buyer is understood to have paid cash.

SJ Berwin, the law firm overseeing the sales, said more than £1bn-worth of transactions are either complete or under offer.

The Candy brothers completed the high-end apartment block in January, but have kept the identity of the growing number of residents secret.