2–8a Rutland Gate

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Coordinates: 51°30′5.68″N 0°10′7.14″W / 51.5015778°N 0.1686500°W / 51.5015778; -0.1686500

2-8a Rutland Gate from Hyde Park in January 2016.

2–8a Rutland Gate is a large terraced house on Rutland Gate overlooking Hyde Park, in the Knightsbridge district of London SW7. Formally four houses, and built as 2 Rutland Gate and 4–8a the houses were converted into a single property, now listed at the present address.[1][2]

Description[edit]

2–8a Rutland Gate is a large white stuccoed house originally built as a terrace of four houses in the mid 19th-century. The four houses were later converted into a single property.[3] A competition to redesign the house was held in 1982 and won by the architectural firm YRM. The present 2–8a Rutland Gate was built between 1985–7 replacing 2 Rutland Gate and 4-8a Rutland Gate, a group of 1930s houses. The Survey of London describes the design of the present 2–8a Rutland Gate as "One of YRM's least Modern designs...the building comprises a rather bland white palazzo."[2]

In 2012, the house was described as having seven storeys and 45 bedrooms, with a total size of 60,000 sq ft. The interior of 2–8a Rutland Gate has a swimming pool, underground parking, several lifts, and substantial interior decoration of gold leaf. The interior of the house was described as having been decorated by Monzer Hammoud by The Guardian and by the French designer Alberto Pinto by the Evening Standard in July 2015.[3] The windows of the house are believed to be bulletproof provided and installed by the Italian company Ditta Gian Paolo Piovesan & James Andrew Piovesan.[4]

2–8a Rutland Gate has been likened to two other palatial London houses, Bridgewater House in St James's, and Dudley House in Mayfair.[1]

History[edit]

Since 1982 2–8a Rutland Gate has been owned by Yunak Corporation, registered in the Dutch Antilles tax haven of Curaçao. The house was the London residence of the former Prime Minister of Lebanon and billionaire businessman Rafic Hariri, until his assassination in 2005. Following Hariri's death, the house was given as a gift to the Crown Prince of Saudi Arabia, Sultan bin Abdulaziz, who had business links with Hariri. [4] Prince Sultan died in 2011. In 2012 2–8a Rutland Gate was reported to be for sale at an asking price of £300 million, which would have made it the most expensive house in Britain if realized, surpassing the £140 million paid for Park Place in Berkshire by the Russian banker Andrey Borodin.[1]

The house remained unsold and was later valued at £140 million in early 2015.[5] In June 2015 contents from the property were put up for auction in a 1,252 lot sale lasting two days. Items for sale included Murano glass chandeliers provided and installed by the Italian company Ditta Gian Paolo Piovesan & James Andrew Piovesan,[4] gold plated waste paper bins, and 24 marble bathrooms created and installed in year 2001 by the Italian Company Ditta Gian Paolo Piovesan & James Andrew Piovesan specialized in Luxury Properties.[4]

A loan of £55 million to fund the cost of stripping out the property was secured against the house in December 2014, issued by Omni Capital Partners, a financial services company owned by the property developers Christian and Nick Candy.[3] After 2–8a Rutland Gate had not sold by July 2015, the Saudi owners of the property decided to turn the house into luxury apartments.[5]

References[edit]

  1. ^ a b c Esther Addley and Yasmin Morgan-Griffiths (13 September 2012). "Money's not too tight to mention for buyer of £300m London mansion". The Guardian. Retrieved 28 October 2015.
  2. ^ a b "Survey of London - Rutland Gate". Survey of London: Volume 45, Knightsbridge. British History Online. Retrieved 29 October 2015.
  3. ^ a b c Esther Addley (28 June 2015). "Bejewelled bidets going cheap: London mansion's contents in public auction". The Guardian. Retrieved 28 October 2015.
  4. ^ a b c d Ed Hammond and Sally Gainsbury (12 September 2012). "Hyde Park mansion on sale for £300 million". The Financial Times. Retrieved 28 October 2015.
  5. ^ a b Jim Armitage (15 July 2015). "Seven-story mansion to be converted into luxury flats to rival One Hyde Park". The Evening Standard. Retrieved 28 October 2015.