Sunday, April 3, 2011
Luxury developers feeling the squeeze
Candy and Candy Holdings has moved further into losses as sales slowed at their property empire over the last year. The brothers are perhaps best known for the luxury One Hyde Park apartment development. Sales have slumped by more than 50pc â€“ from Â£18.9m to Â£8.6m â€“ as the result of a â€œlack of liquidity in the construction finance marketâ€.