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Nick and Christian buy a £122,000 one bedroom flat with a £6000 loan from their grandmother.
Nick and Christian buy a £122,000 one bedroom flat with a £6000 loan from their grandmother. They live in it while they renovate its interior<br/><br/>
The brothers sell the flat 18months later for £172,000 <br/><br/>
Their second investment is another apartment. This one is bought for £236,000 and sold seven months later for £345,000 -
They start a 16 Unit Project in Chelsea
Having set up interior design group Candy & Candy, the brothers embark on their first larger development; A 16 unit project on Manresa Road in Chelsea, London -
The brothers buy King Beeches property for £6.5 million
The brothers buy King Beeches property for £6.5 million but it is later revealed they have been conned by four pensioners pretending to own the property. Legal action taken against the fraudsters resulting in £8 million compensation payment from Land Registry; this is Land Registry's largest ever compensation payment
<br/><br/>Original story on Building -
Christian founds real estate development compnay CPC Group
Christian founds real estate development compnay CPC Group -
Brothers pay £150 million for flagship property One Hyde Park in Knightsbridge
Brothers pay £150 million for flagship property One Hyde Park in Knightsbridge -
In September 2004 the Candys pay £13m for 21 Chesam place Belgravia; this is the first property that they build from the ground up - it is revalued only one year later at £25m
In September 2004 the Candys pay £13m for 21 Chesam place Belgravia; this is the first property that they build from the ground up - it is revalued only one year later at £25m -
Buy former Middlesex Hospital in London, for £175m,with idea of turning into new apartments; they call the site ‘Noho Square.'
Buy former Middlesex Hospital in London, for £175m,with idea of turning into new apartments; they call the site ‘Noho Square.' -
Chelsea Barracks bought by CPC in conjunction with the Qatari Government for £959 million
Chelsea Barracks bought by CPC in conjunction with the Qatari Government for £959 million -
First overseas development deal goes through; 8 acre Beverley Hills development site bought for $500 million and named by them ‘9900 Wiltshire.’ The property bought in partnership with Icelandic Bank Kaupthing with the idea of building a residential area
First overseas development deal goes through; 8 acre Beverley Hills development site bought for $500 million and named by them ‘9900 Wiltshire.’ The property bought in partnership with Icelandic Bank Kaupthing with the idea of building a residential area and a hotel -
Receive planning permission to convert old Middlesex hospital into luxury apartments
Receive planning permission to convert old Middlesex hospital into luxury apartments -
Business partner Icelandic Bank Kaupthing collapses and becomes government property
Business partner Icelandic Bank Kaupthing collapses and becomes government property
<br/><br/>Original story on Building -
Brothers pull out of 'Noho Square' venture due to the collapse of Kaupthing.
Brothers pull out of 'Noho Square' venture due to the collapse of Kaupthing. They then transfer their share in ‘Noho Square’ to Kaupthing in return for Kaupthing’s share in the Beverley Hills property. They lose £3 million in the swap but are left with 90% ownership of Beverley Hills project. -
Collapse of Kaupthing results in the default of the $356.6 million (£221.2 million) loan that funded the Beverley Hills project
Collapse of Kaupthing results in the default of the $356.6 million (£221.2 million) loan that funded the Beverley Hills project. -
Sales on One Hyde Park suspended
Sales on One Hyde Park suspended Brothers branch out; £11.5m is put into London listed mining firm Metals Exploration for 44% of the share -
New property investment fund is announced
New property investment fund is announced -
Brothers lose first round of Chelsea Barracks lawsuit and are told that they must wait until the end of 2010 to go to trial.
Brothers lose first round of Chelsea Barracks lawsuit and are told that they must wait until the end of 2010 to go to trial. -
Brothers win case against Qutari
Brothers win case against Qutari - however judge rules that
Qutari will not have to pay the £68.5 million asked for - instead CPC will be paid unspecified damages dependent on the difference between the developers current position and what it would have made had the development gone ahead -
CPC announce that they have reached a friendly settlement with Qutari over the disputeand that they would be happy to work with them in the future.
CPC announce that they have reached a friendly settlement with Qutari over the dispute
and that they would be happy to work with them in the future.
<br/><br/><a href=http://www.building.co.uk/legal/cpc-group-and-qatari-diar-settle-over-chelsea-barracks-dispute/5003298.article' >Original story on Building</a> -
One of the Hyde Park apartments sells for £140 million making it the most expensive property in the UK
One of the Hyde Park apartments sells for £140 million making it the most expensive property in the UK -
The brothers celebrate the official launch of One Hyde Park Place
The brothers celebrate the official launch of One Hyde Park Place<br/><br/>Original story on Building -
Nick and Christian confirm £900m worth of sales have been completed at One Hyde Park
Nick and Christian confirm £900m worth of sales have been completed at One Hyde Park -
Mexico’s Banco Inbursa sues CPC
Mexico’s Banco Inbursa - owned by Carlos Slim, the world’s third richest man and a key lender on the Beverley Hills project - sues CPC for the outstanding loan put down for the Beverly Hills property. Lawsuit is withdrawn as part of a settlement. Ownership of the property is transferred back to the lending groups and is later auctioned off to foreign investors for around US$150m.