Candy & Candy Get Chelsea Barracks
Hot on the heels of Candy & Candy's success in Knightsbridge alongside Richard Rogers with an uber expensive penthouse suite that's set a world record, they have got back together again in the hope of a repeat trick at Chelsea Barracks.
It's the largest single development site in the City of Westminster and the national asset register of the British government had valued it at £58,530,000 although given the gross development values of London today this is a huge under-estimate.
The 12.8 acre estate is more likely to have gone somewhere in the region of £200 million in a deal negotiated by Jonas Drivers for a consortium lead by Candy & Candy but even this looks on the cheap side when you take into account the transaction amount for the penthouse of One Hyde Park for £100 million.
Giving an idea of what we could be in for on the Chelsea Barracks site you only have to look across the road at the developer St James who have started on the nearby Grosvenor Waterside with a mixture of apartment blocks up to around 13 floors in height.
Combine the trendy modern design with the level of architecture you get from Rogers and the sheer high tech security of Candy & Candy ranging from their voice activated lifts to bullet proof glass and you can see what could be in the works, in effect a whole campus like One Hyde Park.
The location isn't quite as prestigious as One Hyde Park but there's still lush views to be had over the greenery of Ranelagh Gardens on the south western portion of the site.
Candy & candy are rapidly making a name for themselves as one of the leading purveyors of luxury housing on the planet. Just see their big Beverley Hills purchase this week for £255 million to see the ambition they are showing now they have the capital behind them to pay for it.
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Subject: Candy & Candy Get Chelsea Barracks 
Sat Dec 04, 2010 5:44 am