A British tech tycoon has been revealed as the buyer of the most expensive home in London and the second most expensive in the world.
The identity of the buyer and the sale-record
The purchase of the historic mansion in London had been known since the beginning of April, but without initially revealing the name of the new owner. According to the Financial Times, the buyer is Suneil Setiya, co-founder of the London-based technology and quantitative analysis investment firm Quadrature Capital.
The $358 million price tag makes the sale the most expensive in London and UK history. However, a few days later it was surpassed by the sale of a five-story luxury apartment in Monaco for 471 million euros (~$554 million) to Ukrainian billionaire Rinat Akhmetov, now considered the most expensive known private residence to change hands worldwide.
The historic Providence House
The residence, known as Providence House, was built in the 1690s and sits on approximately 8.1 acres of land within the Royal Hospital Chelsea. It was for a few weeks the most expensive known residential sale in the world (as of early April 2026), until the deal in Monaco became known.
It was once the private residence of Britain’s first Prime Minister, Robert Walpole, before it was used to house hospital staff and later abandoned. In 2012 it was bought by Christian Candy for about $92 million and in 2014 it was passed to his brother, Nick Candy.
The renovation and the impressive transformation
Under the ownership of Nick Candy, the mansion underwent four years of thorough restoration and reconstruction, aiming for the highest standards of design, innovation and historic preservation.
It has the largest private garden in central London (excluding Buckingham Palace gardens according to the Times of London), a private lake, swimming pool, private IMAX cinema, modern luxury spaces and a unique aesthetic. Although it was never officially released for sale, it was showcased on Candy’s website and social media, revealing luxurious interiors and contemporary aesthetics.
The importance of selling
The purchase of Providence House is not only a personal achievement for Setiya, but also a historic moment for the real estate market, surpassing the previous London record: a $279 million Hyde Park apartment purchased in 2020 by Hui Ka Yan’s family.
At the same time, it shows how strong the trend of secret buying and selling among billionaires has become, where prices are constantly rising and records are being broken one after another.
