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The treasurer for Reform UK Nick Sweet has offered his mansion in London’s unique Chelsea district, reportedly for greater than £270m in what’s believed might be the costliest home sale in historical past.
The billionaire property developer, who lived in Windfall Home with actor and singer Holly Valance once they have been married, has been Reform’s treasurer since defecting from the Tories in 2024.
Mr Sweet is a significant donor to the celebration, having given an estimated £1m final 12 months, and a number one fundraiser for it.
When he joined Reform, he informed The Impartial he would elevate extra money for it than any political celebration within the UK had ever raised.
Collectively along with his brother Christian, he developed One Hyde Park in London, the place flats promote for tens of tens of millions of kilos.
The id of the customer of his Grade II-listed mansion stays a secret.
The property sits in two acres of grounds that after accommodated the residence of Britain’s first prime minister, Robert Walpole and now emulate a grand nation property, with a lake and a swimming pool.
Inside it options unique Georgian particulars, social media posts by Sweet’s design firm present.
Sources mentioned a string of gives have been obtained, although the property was by no means formally marketed.
Mr Sweet declined to touch upon the sale, which was first reported by Bloomberg.
Final month it was reported that he met internationally sanctioned people on a gold mining-related go to to Nicaragua.
The acquisition worth for his mansion beats the £210m paid in 2020 for a 45-room mansion overlooking London’s Hyde Park that’s finally owned by the household of Hui Ka Yan, founding father of the China Evergrande Group.
It’s thought the world’s priciest property sale was that of a house in Hong Kong, which went for £245m in 2017. Billionaire Pan Sutong snapped up the property in a personal enclave in a feng shui-approved place between the mountains and the ocean.
The most costly London dwelling offered final 12 months was a £41m mansion bought by Charles Lorenceau, founder of personal fairness agency Ace & Co, whereas American dressmaker and movie director Tom Ford purchased a Chelsea mansion in 2024 for greater than £80m.
Larger property taxes have helped to dampen demand for the capital’s priciest houses. Final 12 months was solely the second since 2011 through which no gross sales above £50m have been recorded, information present, in keeping with Bloomberg.
Final 12 months, Mr Sweet’s firm was awarded greater than £4.6m in damages after being lied to as an incentive to spend money on a know-how start-up.
Mr Sweet’s inside design and improvement administration enterprise, Sweet London, which designed the newly offered home, has undertaken initiatives in London, New York, Los Angeles and elsewhere. He’s additionally concerned in developments within the Center East.
The billionaire and Holly Valance, who shot to fame starring in cleaning soap opera Neighbours, introduced their divorce final 12 months. He mentioned in 2024 he believed Reform UK would win the following common election.
