Billionaire Suneil Setiya Buys London Mansion for Record 310 Million Euros
Suneil Setiya, co-founder of the quantitative investment firm Quadrature Capital, has purchased Providence House in London's Chelsea neighborhood for over 310 million euros (approximately £270 million). This transaction establishes the property as the most expensive house ever sold in history, surpassing the previous record of £210 million set in 2020. The seller is billionaire developer Nick Candy, who acquired the 8,000-square-meter estate from his brother Christian Candy more than a decade ago for £75 million. The mansion, formerly known as Gordon House, features extensive luxury amenities including a private lake, swimming pool, and gardens designed to emulate a rural estate. Although the property was not officially listed for sale, it attracted multiple offers before the deal was concluded, initially under anonymity. This sale highlights the continued strength of London's ultra-prime real estate market, where high-net-worth individuals continue to invest in historic and luxurious properties. Nick Candy, a prominent figure in London's property development scene known for One Hyde Park, has recently shifted his political affiliations, but this deal remains a significant financial milestone in the global luxury housing sector.
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Billionaire Suneil Setiya Buys London Mansion for Record 310 Million Euros
Suneil Setiya, co-founder of the quantitative investment firm Quadrature Capital, has purchased Providence House in London's Chelsea neighborhood for over 310 million euros (approximately £270 million). This transaction establishes the property as the most expensive house ever sold in history, surpassing the previous record of £210 million set in 2020. The seller is billionaire developer Nick Candy, who acquired the 8,000-square-meter estate from his brother Christian Candy more than a decade ago for £75 million. The mansion, formerly known as Gordon House, features extensive luxury amenities including a private lake, swimming pool, and gardens designed to emulate a rural estate. Although the property was not officially listed for sale, it attracted multiple offers before the deal was concluded, initially under anonymity. This sale highlights the continued strength of London's ultra-prime real estate market, where high-net-worth individuals continue to invest in historic and luxurious properties. Nick Candy, a prominent figure in London's property development scene known for One Hyde Park, has recently shifted his political affiliations, but this deal remains a significant financial milestone in the global luxury housing sector.
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