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Thread: British brothers sell Monaco penthouse for £200m

  1. #1
    Elite Member Honey's Avatar
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    Default British brothers sell Monaco penthouse for £200m

    The most expensive three bedroom flat in history has been sold for almost £200m - despite a dark history involving a murder in its main reception room.
    Reclusive British property developers Christian and Nick Candy are thought to have made a profit of at least £190m from La Belle Epoque penthouse in Monaco, on the French Riviera.
    They bought the 17,500 sq ft flat from Englishwoman Lily Safra in the early 2000s, soon after her banker husband Edmond infamously died in a mysterious fire inside the property.


    Billionaire standard: The vast roof terraces come complete with mature 15 foot trees and infinity pool


    Unrivaled: The views across Monte Carlo's marina and the sea beyond are breathtaking

    It has now been snapped up on a 97 year lease at an asking price of €240 million (£199m) by an unnamed Middle Eastern investor, thought to be an Arab sheik.
    Early theories back in 1999 were that Mr Safra had been killed by Russians in retaliation for supporting an FBI clampdown on money laundering in the Mediterranean principality.
    But then Ted Maher, a former American Green Beret medical auxiliary who was caring for the ageing Mr Safra, suddenly confessed to starting the fire, which also killed another nurse.
    Despite a double murder charge, Maher spent just five years in prison – increasing speculation that he was a ‘patsy’ set up to take responsibility for the crime by powerful interests who were really responsible.
    Whatever the truth, it enabled Christian Candy, 36, and his brother Nick, 37, to make a fortune out of the then blighted flat.
    Mrs Safra, who inherited her husband’s £3bn fortune thanks to him cutting his two brothers out of his will two months before his death, was happy to offload it for less than £10m.
    In an interview last year Christian Candy admitted he had spent some £26m doing the flat up, turning it into one of the most desirable properties in the world.


    With unspoiled views across Monte Carlo’s marina and the sea beyond, the two floor penthouse includes a double height library and vast roof terraces complete with mature 15 foot trees and infinity pool.
    Top floor flat, La Belle Epoque, Monaco
    Price: £199m +
    Terms: Leasehold 97 years
    Condition: recently refurbished to billionaire standards
    Description: Two-floor penthouse in six-storey building overlooking Monte Carlo marina. Well placed for local restaurants and world famous casino. With lift
    Bedrooms: Three, all ensuite with walk-in wardrobes and dressing rooms
    Features: Double-height library and office, aquarium, revolving wardrobes, sliding paintings and TV screens
    Outside space: Circular roof terrace complete with mature plants and trees
    Leisure facilities: Spa, gym, cinema, media room, pools
    Security: To oligarch standard
    Underground car parking available
    There is a leisure room complete with billiard tables and arcade video games, Jacuzzi and spa, and even a media room which includes executive chairs which convert into beds in case of over-work.
    Other James Bond touches include old master paintings and cinema screens which emerge from walls at the touch of a button, and numerous walk-in wardrobes and dressing rooms.
    Security is also state-of-the art, with a panic room, reinforced glass, and surveillance cameras everywhere.
    The Candys, who were brought up in Surrey and started their career borrowing £6000 to do up their grandmother’s house in Earl’s Court, are believed to now be living between another of their Monaco flats and Candyscape II, their multi-million pound yacht.
    The area where they live is one of the most expensive in France. In 2008, Russian billionaire Mikhail Prokhorov was poised to spend more than £450m buying the nearby Villa Leopolda.
    Mrs Safra was again the seller, but the deal fell through.


    No expense spared: The property includes includes a double height library, billiard tables, arcade video games, Jacuzzi and spa, and even a media room


    And so to bed: Now the Candy's have moved out for their buyer, they are believed to be living between another of their Monaco flats and Candyscape II, their multi-million pound yacht

    Read more: British property developers, Christian and Nick Candy, sell the most expensive three bedroom flat in history for almost £200m | Mail Online

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    Elite Member Brookie's Avatar
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    Killer terrace. I remember seeing something on TV about the fire.
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    Elite Member Grimmlok's Avatar
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    Eww.
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    Elite Member VenusInFauxFurs's Avatar
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    Ugly place.
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    More proof that money can't buy taste.

    Edmund Safra's death was a big story at the time.

    From Wikipedia:

    In December 1999, Safra and nurse Vivian Torrente were suffocated by fumes in a fire deliberately lit at the billionaire's Monaco home.

    Another nurse, American Ted Maher, who was sharing the night shift with Torrente at the time, was arrested under suspicion of starting the fire, and was convicted of the crime in 2002 by the Monaco Court. He claimed that he started the fire to carry out a daring rescue, and thus increase his standing in the Safra family's eyes but he allegedly lost control of the fire unintentionally. The details of Safra's death were discussed by media outlets including 60 Minutes, CBS 48 Hours, Dateline NBC and Dominick Dunne in Vanity Fair.
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    Elite Member MsDark's Avatar
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    Tack-o-rama
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    Elite Member Beeyotch's Avatar
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    I like it!

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    Elite Member sputnik's Avatar
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    shady deal, i'm sure.
    the flat is disgusting.
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    Elite Member Laurent's Avatar
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    I'll take the library.

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    Elite Member Sojiita's Avatar
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    17,500 square feet-and only three bedroom suites? wow.

    Overpriced.

    Maybe that much for the whole six story building...

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    Elite Member Sojiita's Avatar
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    I would LOVE to see France just say 'fuck it' and invade and take over the little spec of what? is it even a whole square kilometer? of Monaco. I would love it! Go France!

    I hate these moneylaundering, tax haven little nations.

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    Elite Member Brookie's Avatar
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    Yeah - but it's fucking MONACO!!!
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    Elite Member Sleuth's Avatar
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    Way overpriced ... but I want the library and all the books. And I love the arch with the swing.
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    Hit By Ban Bus! AliceInWonderland's Avatar
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    so i heard Monaco is the size of central park? is that really true?!

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