Reform donor Nick Candy sells Chelsea mansion for reported £275m

Nick Candy, the honorary treasurer of Reform UK and a major donor, has sold his mansion in the Chelsea district of London for a reported £275m.The property developer declined to comment on the transaction, which was first reported by Bloomberg, but it is believed to be the most expensive on record in London and one of the biggest in the world.Providence House was the location of a fundraising event for Donald Trump in 2024, attended by the US president’s son Donald Trump Jr.The buyer of the Grade II-listed mansion, located in the grounds of Royal Chelsea Hospital with a lake and a swimming pool, has not been made public.The Land Registry records its current owner as Providence House LLP, a partnership controlled by Candy. His estranged wife, Holly Valance, the former pop singer and actor, is another member of the partnership. It also has a bank charge registered against the title with First Abu Dhabi Bank.Candy is a senior figure within Reform and plays a significant role in fundraising, as well as being a major donor in his own right, having given about £1m to the party last year.He was at Nigel Farage’s side last year as Reform announced a plan to attract wealthy individuals to the UK with a £250,000 fee for 10 years of residency and a special tax regime, which was nicknamed a “billionaires’ bonanza” by Labour. He was also present at a meeting between Farage and the billionaire Elon Musk at Trump’s Mar-a-Lago resort in December 2024.Candy is known for having made his fortune alongside his brother, Christian, by trading in property in London and around the globe.He has been trying to sell a £175m penthouse flat at One Hyde Park in London, which has a mortgage with Bank of Singapore, for some time, and has a mansion in Los Angeles listed for sale.He owns offices at Upper Brook Street in Mayfair, where Farage’s company, Thorn in the Side, is also based, and is listed as the most recent ultimate beneficial owner of another Chelsea townhouse via a Guernsey company, although its annual statement of ownership is months overdue.Providence House was bought by Christian Candy in 2012 and was later transfered to Nick Candy.