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£5.25M One Hyde Park Apartment Repossessed

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If there are two people I would like to see out on the street begging, its the candy brothers. Like a creepier, greasier, less interesting Donald Trump.

Really? Didn't they actually build lots of new housing in an area of high demand?[1] That's a Good Thing, innit?

Not at all in the same league as holding existing housing stock to ransom.

[1] Genuine question: I really don't know the history of what occupied the land before those flats.

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Cracking quote in Evening Standard.

Tracy Kellett of home finders BDI said “It has now been categorically proven that One Hyde Park was the worst property investment in London.

“Many prime London properties have gained a good 50 per cent since 2007, One Hyde Park has seen no uplift from its launch at £6,000 per square foot - it's rather sour-tasting Candy.”

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Really? Didn't they actually build lots of new housing in an area of high demand?[1] That's a Good Thing, innit?

Not at all in the same league as holding existing housing stock to ransom.

[1] Genuine question: I really don't know the history of what occupied the land before those flats.

You'd need a buy-to-let property development fund offshored in Guernsey for tax evasion purposes to do that efficiently.

http://www.cpcgroup.gg/contact.html

A significant stake in various foreign-owned property holding companies can help.

http://www.theweek.co.uk/people/38835/candy-brothers-told-come-clean-sheikh

Perhaps with a sideline in bridging loan arrangement for other residential property developers.

http://www.omnicapital.co.uk/group-home/

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A private buyer has smashed the purchase record for a flat in Britain by paying more than £140 million for a penthouse, The Times has learnt.

_74593490_tim2.jpg

Beats the £136,000,000 paid for one of the other apartments, as reported in this article, early April 2014.

http://www.theguardian.com/society/2014/apr/06/room-at-top-londons-super-prime-housing-market

Communal areas... Two saunas, two steam rooms, a squash court with digital scoring. All are empty. The sense of being the last subterranean survivors of some nuclear holocaust increases. The walls, the Candy rep tells me, are covered with eelskin. I press my fingers to the tacky material and draw back – there is something horrifying in these expanses of shimmering skin. Silence.

... Again as I leave the building – the guard gives me another suspicious once-over – I'm hit by a sense of the deep melancholy that suffuses the world of the very rich, for all their money and luxury. The emptiness, the silence, that bookless and dreary library. It seems somehow fitting that each of the building's four penthouses has its own panic room. I wonder if the inhabitants of those sky-towers, those pinnacles of money, ever pause to wonder if it was all worth it? The feverish pursuit of privacy, the monomaniacal drive to avoid paying a penny of tax, the sense of being, as Hollis says, both in the city and somehow above it, all of this strikes me as terribly sad. It seems that, granted the riches of Croesus, all people really want to do is avoid other people.

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