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  1. Wealth
March 1, 2010

ST: Candys to buy Grosvenor House?

By Spear's

THE Candy brothers, property developers to the super-rich, are poised to enter the bidding battle for the Grosvenor House hotel on London’s Park Lane.

THE Candy brothers, property developers to the super-rich, are poised to enter the bidding battle for the Grosvenor House hotel on London’s Park Lane.

The five-star hotel is owned by Royal Bank of Scotland, the state-backed bank. It has appointed property agents at CB Richard Ellis to begin marketing the property, which overlooks Hyde Park. RBS is hoping to sell it for more than £500m.

Nick and Christian Candy, who are marketing One Hyde Park, London’s most expensive residential scheme, are thought to be working on the bid plans in partnership with an Asian financial backer.

The brothers, whose clients include Kylie Minogue and Gwyneth Paltrow, are understood to have shown interest in buying a serviced apartment block next door to Grosvenor House.

To read the full story, visit timesonline.co.uk

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