Thursday, Oct 23, 2008
Candy Brothers done over by Taxpayers
Evening Standard: Candy Bros in talks to sell Chelsea Barracks stake
Sources have told the Standard that the brothers, who have pioneered developments for the super-rich, are in negotiations to get their cash out of Chelsea Barracks which has been beset by planning rows, a revolt by wealthy local residents and claims that the brothers and their partners paid far too much for the 12.8-acre site.
Project Blue the joint venture set up between the Candy brothers and investment group Qatari Diar paid almost £1billion for the plot when it was sold by the Ministry of Defence last year at the height of the property boom.
There is justice after all.
I don't suppose these two will be sleeping in the back of a van though. Shame
Posted by dr ray @ 01:45 PM (154 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.