Holly Valance’s husband signs major property deal,
The billionaire husband of Australian former soap star Holly Valance has secured a major deal for luxury property development. This project is located in the United Arab Emirates.
Nick Candy, a British developer, is known for creating some of London’s most prestigious residences. He has made this agreement through his company, Candy Capital.
At 51 years old, Nick and his brother Christian have established a strong reputation. They have set real estate price records in London with their luxurious project, One Hyde Park, located in Knightsbridge.
Nick, who married former Neighbours star Valance in 2012, reportedly owns the penthouse in One Hyde Park. This penthouse is valued at £175 million, which is approximately $340 million AUD.
Despite their wealth, the couple prefers to maintain a private lifestyle. They mostly stay out of the public eye and live discreetly.
“I was the first to exceed the £1,000 per square foot threshold in London. Then I surpassed the £2,000 per square foot mark.
After that, I broke the £10,000 per square foot barrier. This demonstrates my ability to influence the market,” he stated in Bloomberg’s report.
Nick met Valance in 2010, after she relocated abroad for acting and singing opportunities. Together, they have two children.
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His company, which specializes in renovations and interior design for high-net-worth clients, is valued at £1.5 billion, roughly AU$2.9 billion.
The expansion into Dubai aims to capitalize on the city’s growing appeal to wealthy buyers. This trend reflects Dubai’s rising status in the luxury market.
According to global agency Knight Frank, Dubai ranked third in their prime market forecast for 2024. Their research predicts a remarkable 14 percent growth in Dubai over the next year.
Last year, Dubai topped the list, indicating strong demand for luxury properties. The agency’s Global Prime Residential Forecast report highlights the continued appetite for luxury homes in Dubai.
Both residents and international buyers are focusing on the emirate’s most affluent neighborhoods. Additionally, inland villas offering luxury living in green settings are now highly sought after.
These inland properties are rivaling waterfront options as the most desirable type. This shift in buyer preferences is leading to the emergence of new prime neighborhoods.
Furthermore, prestige property development in Dubai has been limited compared to other price points. This restriction has protected the market from economic challenges, allowing it to thrive.
Even in a city known for its luxury, Dubai’s high-end housing market remains more affordable than competing markets. Nick Candy shared this insight with Bloomberg.
The Candy brothers built their fortune by renovating flats in London during the mid-1990s. By the end of that decade, they had established their development business.
Their interior design projects under Candy London have included elegant manors, chic townhouses, and even super yachts.
One Hyde Park, launched in 2011, became the project that elevated the Candy siblings’ status in global luxury real estate.
