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Lakshmi Mittal to buy Britain’s most expensive house for £117 million

Mr Mittal, Britain’s richest man, is understood to be in negotiations to buy the magnificent property in Kensington Palace Gardens, the most prestigious address in London.

When the deal goes through, the mansion will be the tycoon’s second property in the tree-lined private avenue near the Royal residence that was home to Diana, Princess of Wales.

Mr Mittal is close to an agreement with the owner Noam Gottesman, 47, the Israeli-American financier with a reputation as one of the most formidable traders in the City.

Both men were tight-lipped about the transaction, but it is thought that the property will change hands for £117 million, achieving a new British record.

The previous high was in March this year when a flat in nearby St James’s Square went for £115 million.

The detached residence is next door to the Israeli embassy on Palace Green, an extension of Kensington Palace Gardens.

The four-floor house with at least five luxurious suite bedrooms plus extensive servants quarters is described as an institutional neo-Georgian building typical of a type built from the 1920s onwards. It is being sold furnished and with an art collection….[…]

Source: telegraph.co.uk/