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Sold at £80m: London’s priciest home

A record price for a London home has been set with the £80m sale of a large detached house in Kensington. It smashes the previous high of £67m for steel magnate Lakshmi Mittal’s home in Kensington Palace Gardens and is claimed to be the world’s most expensive single residential dwelling.

Contracts for the five-storey house in Upper Phillimore Gardens are believed to have been exchanged in recent weeks. The buyer is thought to be Ukrainian businesswoman and philanthropist Elena Franchuk.  Ms Franchuk, the daughter of a former Ukrainian president and married to oligarch industrialist Viktor Pinchuk, has long been involved in charitable activities in her home country.

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