BRITISH developers Christian and Nick Candy have sold their Monaco penthouse, La Belle Epoque, for £199 million ($308m), the highest price for a three bedroom flat in history! The penthouse was bought by the brothers after it was extensively damaged in a fire in 1999. The fire was started by a servant who wanted to take credit for rescuing his boss, the penthouse’s owner, Lebanese banker Edmond Safra. The servant was jailed for 10 years in 2002.
The Candy brothers bought the 1600sq m penthouse from Safra’s widow. The brothers are notoriously private, and the purchase price and profit margin have not been released. However, some reports estimate they made a $US291 million ($305m) profit from the sale.
The penthouse includes a two-level library, infinity pool, bullet-proof windows, a panic room and extensive walk-in robes. The Candy brothers have, in the past few years, become Britain’s most successful private property developers. This latest sale eclipses their previous record, for a penthouse at One Hyde Park, London, which sold for £140 million in August.