Lakshmi Mittal buys worlds costliest(£117m) home in UK: London
May 25th, 2008 at 7:33 pm | Category: Hot & Breaking News, India News, World News
MrLakshmi Mittal, Britain’s richest man, is understood to be in negotiations to buy the property in Kensington Palace Gardens, one of the most prestigious addresses in London.
When the deal goes through, the house will be the magnate’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, a 47-year-old Israeli-American financier with a reputation as one of the most formidable traders in the City.
Just months after putting his 40-million-pound house at Bishops Avenue on sale, Indian steel tycoon Lakshmi Mittal is 
said to have splurged 117 million pounds to buy a new mansion here — making it possibly the world’s costliest home.
Britain’s richest man Mittal has purchased the palatial home on Kensington Palace Gardens, a street dubbed Billionaires’ Row in West London, fully furnished and with an art collection for his 32-year-old son Aditya, leading tabloid The Sun reported today.
However, according to the tabloid, Mittal — who moved into the half-mile, tree-lined private avenue four years back after paying 67 million pounds for a 12-bedroom house – has denied buying the residence which works out at an astonishing 8,000 pounds per square foot.
Mittal had recently put his 11-bedroom Summer Palace — one of Britain’s most expensive homes — on Bishops Avenue on sale after one of his neighbours, the Barratt family, got approval from the civic authorities to build luxury apartments next door.
The 57-year-old world’s largest steel maker, whose fortune is estimated at 51 billion pounds, had earlier led an unsuccessful attempt to prevent the builder getting the permission from the local city council which outrightly rejected his appeal.
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