Nick Candy, the honorary treasurer and a significant financial backer of the Reform UK party, has reportedly sold his luxurious mansion in London's prestigious Chelsea district for an astonishing £275 million. This transaction, first revealed by Bloomberg, is believed to set a new record as the most expensive property sale ever recorded in the capital, positioning it among the priciest real estate deals globally.
Historic Property and Political Connections
The Grade II-listed property, known as Providence House, is situated within the grounds of the Royal Chelsea Hospital and features exclusive amenities including a private lake and swimming pool. Notably, this mansion served as the venue for a high-profile fundraising event in 2024 for former US President Donald Trump, which was attended by his son, Donald Trump Jr.
While Candy has declined to comment on the sale, Land Registry documents confirm that the current owner is Providence House LLP, a partnership under his control. His estranged wife, Holly Valance, the former pop singer and actor, is also listed as a member of this partnership. Additionally, the title carries a bank charge registered with First Abu Dhabi Bank.
Candy's Role in Reform UK and Fundraising Efforts
As a senior figure within Reform UK, Nick Candy plays a crucial role in the party's fundraising activities, alongside being a major donor in his own right. Last year alone, he contributed approximately £1 million to the party's coffers. He was prominently at Nigel Farage's side when Reform unveiled a controversial plan to attract wealthy individuals to the UK through a £250,000 fee for a decade of residency and a special tax regime, a proposal that Labour critics dubbed a "billionaires' bonanza."
Candy was also present at a notable meeting between Farage and billionaire Elon Musk at Trump's Mar-a-Lago resort in December 2024, further highlighting his involvement in high-stakes political and financial circles.
Property Portfolio and Business Ventures
Nick Candy, who amassed his fortune alongside his brother Christian through global property trading, has an extensive real estate portfolio. He has been attempting to sell a £175 million penthouse flat at One Hyde Park in London, which holds a mortgage with the Bank of Singapore, and has listed a mansion in Los Angeles for sale.
In addition, Candy owns offices on Upper Brook Street in Mayfair, where Farage's company, Thorn in the Side, is also based. He is listed as the most recent ultimate beneficial owner of another Chelsea townhouse via a Guernsey company, although its annual statement of ownership is currently months overdue.
Providence House was originally purchased by Christian Candy in 2012 before being transferred to Nick Candy, marking a significant chapter in the family's property dealings. This sale underscores the intersection of high-value real estate and political funding in contemporary UK politics.
