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.
The British Candy brothers bought the flat from Lily Safra in the early 2000s, soon after her husband Edmond died in a mysterious fire inside the property. It cost a mere £10million t 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. 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.
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