Steel tycoon Lakshmi Mittal has bought Noam Gottesman’s Kensington Palace Gardens home for a cool 117 million pounds. The previous record was just up the road on London’s Billionaires Row.
It is interesting to see London taking the place where all of the top end real estate is selling. Outside of Trump’s sale of his Palm Beach mansion recently, you have not heard of many of the ultra luxury homes selling in the United States. In London they are selling quite regularly.
The home in Kensington Palace Gardens, West London, Princess Diana’s former street, is being sold furnished and with an art collection. It works out at an astonishing £8,000 per square foot.
Mr Mittal, 57, who denies being the buyer, has been looking to splurge some of his £27.7billion fortune on a home for son Aditya, 32.
Mr Mittal moved into the half-mile, tree-lined private avenue four years ago after paying £67million for a 12-bedroom home. via The Sun