Hanover Lodge

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Hanover Lodge, Regent's Park, London THOMAS COCHRANE and DAVID EARL BEATTY - Hanover Lodge Outer Circle Regent's Park London NW1 4RJ (2).jpg
Hanover Lodge, Regent's Park, London
Hanover Lodge in 1828 Hanover Lodge, Regent's Park - Shepherd, Metropolitan Improvements (1828), p291.jpg
Hanover Lodge in 1828
Blue plaque Here lived THOMAS COCHRANE Earl of Dundonald 1775-1860 and later DAVID EARL BEATTY O.M. 1871-1936 Admirals.jpg
Blue plaque

Hanover Lodge is a Grade II* listed house at 150 Park Road, London NW1, overlooking Regent's Park. [1] It was designed by the architect John Nash, and built for General Sir Robert Arbuthnot. Since then, it has been home to several notable people, was part of Bedford College, and the residence of the French ambassador, before the businessman and Conservative peer Lord Bagri purchased a 150-year lease from the Crown Estate in 1994. The Russian billionaire Andrey Goncharenko purchased the outstanding lease from Lord Bagri in 2012 for £120 million. In July 2023, Indian billionaire Ravi Ruia paid £113 million for the mansion.

Contents

History

Hanover Lodge was built in about 1827, and designed by the architect John Nash, "the only villa in the Park personally designed by Nash", for Robert Arbuthnot. [1]

From 1832 to 1845, it was the home of Thomas Cochrane, 10th Earl of Dundonald, and the exterior bears a blue plaque in his honour. [2] [3] From 1848 to 1897, it was the property of the banker Matthew Uzielli (1806–1860) and his descendants. [3]

The upper storey was totally rebuilt in about 1909, and the house extended, by the architect Edwin Lutyens. [1] From 1911 to 1925, it was the home of David Beatty, 1st Earl Beatty, and the exterior bears a blue plaque in his honour. [3] [2] From 1926, it was the home of the American heiress and socialite Mrs von Hofmannsthal (née Astor), daughter-in-law of the poet and librettist Hugo von Hofmannsthal. [3] From 1948, it was part of Bedford College, but in the 1990s it was rented by the French government to house their ambassador. [3]

In 1994, the businessman and Conservative peer Lord Bagri purchased a 150-year lease on Hanover Lodge from the Crown Estate for £5.9 million and over the next 12 years spent millions of pounds renovating it, hiring the architect Quinlan Terry to supervise, including an underground swimming pool that can be converted into a ballroom. [4] Renovations were finally completed in 2009, "after 10 years and 100 applications for planning and listed building consents" costing an estimated £25 million. [5]

In 2012, Andrey Goncharenko, a Russian billionaire, bought Hanover Lodge for £120 million from Lord Bagri. [6] In 2014, the Evening Standard called it "the most expensive townhouse ever sold in Britain". [7] By way of comparison, Park Place, a country house with 200 acres of grounds in Remenham, near Henley-on-Thames was sold for £140 million; and an apartment at One Hyde Park, in Knightsbridge, went for £136 million, both in 2011. [8]

Goncharenko has made a series of planning applications to "further enlarge the basement and to remodel the interior" of the 26,000 sq ft house. The basement already has a swimming pool that converts into a ballroom, but it has been deemed to be "too small". [5] The extension would include a new larger pool, sauna and steam room, gym, beauty salon, yoga studio, two massage rooms, a cinema, wine cellar and games room. Above ground, "much of the work appears to involve ripping out large swathes of expensive décor only recently installed by Lord Bagri, including intricate cornicing, decorative wall-frieze paintings and timber and marble floors". [5]

On July 22, 2023, it became known that the mansion was purchased by Indian billionaire Ravi Ruia, who paid 1,200 “crore” rupees (£113 million) for it. The purchase has become one of the largest transactions in the London property market in recent years. [9]

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References

  1. 1 2 3 Historic England. "Hanover Lodge (1226115)". National Heritage List for England . Retrieved 27 January 2017.
  2. 1 2 "BEATTY, David, Earl Beatty, O.M. (1871–1936) & COCHRANE, Thomas, Earl of Dundonald (1775–1860)". English Heritage . Retrieved 27 January 2017.
  3. 1 2 3 4 5 Christopher Hibbert; Ben Weinreb; John Keay; Julia Keay (9 September 2011). The London Encyclopaedia (3rd Edition). Pan Macmillan. p. 381. ISBN   978-0-230-73878-2 . Retrieved 27 January 2017.
  4. ↑ Anna Mikhailova and Maurice Chittenden (20 November 2011). "Non-dom Tory peer sells his London house for £100m". The Sunday Times . Archived from the original on 29 May 2015. Retrieved 27 January 2017.
  5. 1 2 3 Ruth Bloomfield. "Oligarch buys £120 million Hanover Lodge in Regent's Park – and it's too small". The Evening Standard. Retrieved 27 January 2017.
  6. ↑ Palmer, Ewan (3 February 2012). "Britain's Most Expensive House Sold for £120m". International Business Times . Retrieved 22 October 2022.
  7. ↑ Herrmann, Joshi (15 September 2014). "The inner circle: from Damien Hirst to The Candys ‒ why London's movers and shakers are moving to Regent's Park". Evening Standard. Retrieved 2 March 2017.
  8. ↑ Hough, Andrew (13 August 2011). "Park Place: Britain's most expensive home sold for record £140m". The Daily Telegraph. Retrieved 13 March 2017.
  9. ↑ "Indian billionaire Ravi Ruia buys Russian-linked London mansion for Rs 1200 crore". Indiatimes.com. 22 July 2023.

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