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The FT reports that a flat in Monaco owned by British property entrepreneur Christian Candy has been sold for €240m (£199m) in one of the most expensive residential property sales. La Belle Epoque, a property occupied by Christian and his brother Nick Candy, has been bought by an unnamed Middle Eastern investor.
The sale of the home, which dates back to the interwar years of swinging Monte Carlo, underlines the recovery in the fortunes of the super-rich, which has helped boost prices for luxury homes.
The apartment comprises the top two floors of the building and was the home of Edmond Safra, the financier and philanthropist. He died in a fire at the property in 1999. Continue reading