Kensington Palace Gardens is a street in west central London which contains some of the grandest and most expensive houses in the world. It was the location of the London Cage, the British government MI9 centre used during the Second World War and the Cold War.
A tree-lined avenue half a mile long in the heart of embassy land, Kensington Palace Gardens is the often cited as "most exclusive address" in London, according to real estate agency Knight Frank. It is one of the most expensive residential streets in the world, and has long been known as "Billionaires Row", due to the extreme wealth of its private residents, although in fact the majority of its current occupants are either national embassies or ambassadorial residences. As of mid 2010, current market prices for a property on the street are an average of £18 million.
It is immediately to the west of Kensington Gardens and connects Notting Hill Gate with Kensington High Street. The southern section of Kensington Palace Gardens is called Palace Green.
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The road was originally called The Queen's Road and was re-named Kensington Palace Gardens around 1870 when plane trees were planted in the avenue. It was built from the 1840s onwards, on part of the grounds of Kensington Palace and the freehold still belongs to the Crown Estate. The palace, which is the residence of the Duke and Duchess of Kent, the Duke and Duchess of Gloucester and Prince and Princess Michael of Kent, fronts the southern part of the street on the eastern side. The houses at the northern end are mostly Italianate, while those at the southern end are mostly in the Queen Anne style. For much of the 20th century a large proportion of the houses were occupied by embassies and ambassadors' residences. Some still are, but others have been renovated by the Crown Estate and sold to private buyers on long leases. One of these was bought in 2004 by the Indian steel tycoon Lakshmi Mittal, who in 2008 was listed by Forbes Magazine as the fourth richest man in the world. The sale was widely misreported at £70 million,[1] before accurate figures were available from HM Land Registry, where records state that on 30 June 2004, 18-19 Kensington Palace Gardens, along with three mews houses at the rear of the property, sold for £57,145,967.[2]
Formerly, this house was owned by Bernie Ecclestone, the Formula One racing boss. On October 8, 2001, he purchased the house from Iranian property developer David Khalili for £50 million. This was substantially less than the asking price of £85 million when it was placed on the market by Savills in spring 2001. However, it was reported that Ecclestone's wife, Slavica, never liked the 55,000-square-foot (5,100 m2), 18-bedroom mansion so they never moved in.
Khalili spent three years and more than £20 million turning the two houses into one, building a swimming pool and indulging in his taste for marble floors and pillars (with marble from the same quarry as that used for the Taj Mahal).
Paul Reuter, the founder of the Reuters news agency, was also a former resident.
No 8 was used as an interrogation centre for German POWs during World War II and was known as the London Cage. The house was replaced in 1964 by a glass-and-steel block designed by Richard Seifert, now divided into four apartments. Flat 3 was on the market in 2006 as a three-bedroom apartment designed by international architect David Chipperfield, valued at a minimum of £13.25 million through Knight Frank.[3][4]
Due mainly to the presence of likely terrorist targets — embassies etc., including those of Russia and Israel — both ends of the street have armed police checkpoints (Diplomatic Protection Group officers) with crash barriers as well as the original wrought-iron gates. This has the side effect of extremely low traffic for a central London street. Some of the buildings also have barriers to keep vehicles at a distance.
The street is lit by very dim Victorian gaslight-style streetlights.
Current occupiers and residents include:
East side of Kensington Palace Gardens:
West side of Kensington Palace Gardens:
Previous occupants: Baron de Reuter, founder of the news agency in the 1850s; John Leech, Punch artist; The de Rothschild family (early 1900s); The Free Poles (1939-45); David Khalili, dealer in Islamic art; Bernie Ecclestone, Formula 1 chief.
Palace Green