Christian Candy mulls deal to buy Hyde Park Barracks

Christian Candy, one half of the Candy & Candy duo of brothers and the developer of One Hyde Park, is known to have approached the Ministry of Defence (MoD) to purchase Hyde Park Barracks.

The deal for Hyde Park Barracks, the historic home of the Queen’s Household Cavalry regiments, could raise up to £600m for the government.

Candy has confirmed to The Telegraph that his property firm CPC Group has contacted the government to snap up the six-acre Knightsbridge site.

“The MoD has received interest from a number of parties, both in the UK and overseas, to discuss the possible relocation of Household Cavalry Mounted Regiment elsewhere in central London,” said the ministry in a statement to newspaper. “No decisions have been taken and this will only happen if the regiment’s requirements are met and it proves value for money to do so.”

The MoD is reportedly receiving a lot of bids for the central London site. The ministry’s deal will require the successful bidder to provide a location close to Buckingham Palace for housing the 300 men and 240 horses of the Life Guards, and the Blues and Royals.