Around 270 million pounds is what Suneil Setiya paid for what is now the most expensive house in history. The co-founder of Quadrature Capital, specialized in quantitative investment, acquired Providence House in the Chelsea neighborhood of London from billionaire Nick Candy.
The property was never officially on the market, as Bloomberg reports, but received multiple offers and the transaction eventually took place, initially anonymously.
The mansion, previously known as Gordon House, was bought by Christian Candy, Nick's brother, over a decade ago for 75 million pounds. According to the Financial Times, this property later passed into Nick's hands.
Nick Candy, a former donor to the Conservative Party, has pledged to transform his finances after taking a position a year ago in Nigel Farage's Reform Party.
Candy's social media posts showcase all kinds of luxuries in a home that spans over 8,000 square meters. It features an impressive lake and a swimming pool, all set within a garden that resembles a large rural estate. The property is classified as a Grade II listed historic residence.
This acquisition surpasses the sale of a mansion overlooking Hyde Park that was sold in 2020 for 210 million pounds. London is a hotspot for major house sales: in 2024, a property named Regent's Park with forty rooms was sold for 139 million pounds.
Billionaires Nick and Christian Candy, known for their real estate projects in the Middle East, rose to fame in the English capital after developing the luxury residences at One Hyde Park. Currently, one of the apartments in this building is on sale for 175 million pounds.