Billionaire Labour Party donor Suneil Setiya has been revealed as the buyer of Nick Candy’s home in Chelsea, west London, which he sold for £270m earlier this month.
The Financial Times reported that sources close to the deal named Setiya, a co-founder of investment management firm Quadrature Capital, as the buyer.
Candy, Reform party treasurer since defecting from the Conservatives in 2024 and the real estate mogul behind One Hyde Park in Knightsbridge, sold his family mansion in what is believed to be one of the largest residential property sales in history.
The grade II-listed property is around 200 years old, with amenities including a swimming pool and a small lake.
Setiya’s London-based quantitative hedge fund, founded in 2010, donated £4m to the Labour Party before its 2024 election victory.
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