1 Palace Street
1 Palace Street is a 302,377 sq ft (28,091.7 m2) development on Palace Street in Victoria, London, opposite Buckingham Palace.
Abu Dhabi Financial Group (ADFG) bought the site for £310 million in 2013, and it is being developed by Northacre, which is 70% owned by ADFG. When completed in 2018, it will comprise 72 apartments and incorporate an existing Grade II listed building.[1]
The building facing Buckingham Gate, of which the 1861 facade will be retained was built as the Palace Hotel in the nineteenth century, before becoming offices, as Nobel House. It will be the only residential building to directly overlook the gardens of Buckingham Palace.[2][3]
The architects are Squire & Partners, and the development will "reflect five architectural styles: 1860s Italianate Renaissance, 1880s French Renaissance, 1880s French Beaux Arts, 1890s Queen Anne, and contemporary".[3]
In November 2015, it was reported by The Guardian that one of the apartments had been pre-sold for £20 million to an unknown buyer.[1]
References
[edit]- ^ a b Davies, Rob (26 November 2015). "Wealthy buyer snaps up unfinished flat next to Buckingham Palace for £20m". The Guardian. Retrieved 26 November 2015.
- ^ White, Anna (13 November 2015). "Do you fancy living next door to the Queen?". The Daily Telegraph. Retrieved 26 November 2015.
- ^ a b Prynn, Jonathan (1 May 2015). "On sale for £30m, luxury homes with clear views over the gardens of Buckingham Palace". Evening Standard. Retrieved 26 November 2015.