Property developer Nick Candy’s Hyde Park penthouse has just been put on the market for a gob-smacking £175m.
Adding her input into what justifies this astronomical price, Black Brick’s Founder and Managing Partner, Camilla Dell has shared her thoughts in The Telegraph this week.
“It’s partly about rarity factor,” she said, “and partly about the world-class location. Its key factors are also security and provenance. It has become a famous landmark building with very large apartments overlooking Hyde Park, with very high-quality facilities. You just don’t find many of those.”
And then, of course, you have to account for the fact that this property isn’t just Candy-built, but Candy-owned. Camilla summarised:
“You’d assume he had cherry-picked the very best residence for himself. This market beats to its own drum. In other markets, we’re grilled about prices per square foot and whether it’s good value, but billionaires aren’t so bothered about that. It’s more about buying something prestigious and unique in the very best location.”
Read more in the full article here.