Home Residential Property Bitter results for Candy and Candy after slow sales of One Hyde Park flats

Bitter results for Candy and Candy after slow sales of One Hyde Park flats

by LLP Editor
10th Apr 13 11:39 am

Nick and Christian Candy’s company reported a loss last year after slow sales of their luxury One Hyde Park development in Knightsbridge.

Accounts published yesterday showed that Candy & Candy’s turnover dropped from £10.8m to £9.3m with losses at £46,899.  Last year, the company which sells the “world’s most expensive apartment block” made a £1.1m profit.

The poor results are “mainly as a result of the reduced number of show apartments at One Hyde Park being designed in the year,” said the accounts.

Nick and wife Holly Valance own a penthouse in the block and Christian owns separate flats worth £31m and £26.2m on the 10th floor.

Total sales for One Hyde Park stood at £1.7bn in October last year.

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