It will be home to Aditya, 32, who currently lives in nearby Belgravia with his wife, Megha, a former Goldman Sachs banker, and their two daughters. This embassy is set well back from the road, with few trees to the front. Lakshmi Mittal had bought the property on Palace Green in Kensington for 117 million pounds in 2008 for his son, Aditya. The little girl murdered as she clutched her father's hand: Dad was found 'cradling' his three-year-old 'Incel' killer's eight-minute reign of terror: Chilling footage shows Plymouth gunman Jake Davison wielding Pictured: Five-year-old girl knocked down and killed by a takeaway delivery driver as her devastated mother Crowning jewel: Kim Kardashian buys Princess Diana's iconic amethyst-and-diamond cross necklace at auction Thrifty Kate strikes again! By clicking Sign up, you agree to receive marketing emails from Insider Despite a gruelling 10-year legal battle and repeated complaints from his neighbours at the French Embassy, he successfully finished it. The third house, the former Philippines Embassy, is expected to be modernised for Vanisha, 27, who is also on the board of the company. Genesys: _genesys.widgets.webchat.metaData, _genesys.widgets.webchat.state.purecloud-v2-sockets.WS_URL, _genesys.widgets.webchat.state.purecloud-v2-sockets.ConversationID, _genesys.widgets.webchat.state.purecloud-v2-sockets.JWtoken, _genesys.widgets.webchat.state.open, _genesys.widgets.webchat.state.purecloud-v2-sockets.MemberID, _genesys.widgets.app.autoLoadList This doesnt seem to put off potential buyers though, with prices still going up. A thousand guests flew in for five days of events in France, including an engagement party at Versailles, wedding ceremony at Vaux le Vicomte (the finest chteau in France), an hour-long play that told the story of how the couple met and fell in love, dinner in the Jardin des Tuileries cooked by chefs flown in from Calcutta, and serenades from Mittals favourite Bollywood stars plus Kylie Minogue. The first of the embassies on billionaires row belongs to Israel. Beautiful cream stuccos, gleaming black railings and millimetre-perfect privet hedges welcome visitors with a sense of undisturbed grace and decorum. Supporting House's (1971) decision making leadership concept . Follow this author to stay notified about their latest stories. But, that was just one of the three larger-than-life properties the owner of ArcelorMittal has to his name. cookie_policy_displayed - Stores information about the cookie policy declaration. This data allows us to see where we could optimise the website and make it more efficient. Search. Looking for slightly more reasonably priced properties to rent, buy or buy to rent in London? Mittal owns house number 9a and 1819 on this tree-lined street. Quite surprisingly, the house only has five or six bedrooms. info); 19 November 1828 18 June 1858), was an Indian queen, the Maharani consort of the Maratha princely state of Jhansi from 1843 to 1853 as the wife of Maharaja Gangadhar Rao. The offices of all three companies were closed for Easter Monday. Known as the Taj Mittal and said to be the worlds most expensive private home, its total area is 55,000 square feet. Offizieller Unternehmenssitz ist zwar Luxemburg, tatschlich wird ArcelorMittal jedoch von London aus geleitet.. Das Unternehmen verfgt ber rund 60 Werke in mehr als zwei Dutzend Staaten, beschftigte nach der Fusion 2007 . In February, Forbes magazine ranked him 62nd in its list of the globes richest billionaires with a fortune worth $6.2 billion. Home inspiration, Area Guide The newly-excavated basement has a gym, spa, sauna and staff quarters. Lakshmi Mittal was named as the UK's fifth-richest man in 2018, with a net worth of nearly 16 billion ($20.5 billion) accrued from his role as CEO of ArcelorMittal, the world's biggest steelmaker. Lakshmi moved his family to London in the mid-90s and bought his 55,000 square foot mansion from Bernie Ecclestone in 2004 for 57 million. He bought the lavish home, nicknamed Summer Palace, in 1996 for 7 million ($11 million.). EXCLU : Lakshmi Mittal rpond aux questions d'i>TELE. Now his latest acquisition is a 15 million (or $23 million) home in Perthshire. Almost immediately, he launched into building a vast underground complex for his car collection, plus a swimming pool and tennis court. It has two staff apartments on its first floor, each of which have three bedrooms of their own. The man is the fourth richest person in the world, and his new home is definitely the most expensive one. So a man of his caliber must have at least one imposing castle-like home, right?And let us begin the list with the 250 million Taj Mittal residence he bought in 2008. Foxtons News He reportedly never lived in the house and it is unclear whether the house was in Arcelor's name. As with many of the homes on The Bishops Avenue, the owner is a company registered in a tax haven. It was bought for Mittals son Aditya from Israeli-American financier Noam Gottesman. Lakshmi Mittal, like most Indian business magnates, owns a massive mansion in Lutyens Delhi one of the premium locations in the countrys capital. It was formed when Ispat International N.V. acquired LNM Holdings N.V. (both were already controlled by Lakshmi Mittal) and merged with International Steel Group Inc. (the remnants of Bethlehem Steel . He also added a swimming pool and floors and pillars in marble from the same quarry as the stone used to build the Taj Mahal. This means its easy to enjoy the full spectacle of the building when approaching it or simply when walking past. Especially when the sums involved run into hundreds of millions of pounds. The Sunday Times said the sale of the property near Kensington Palace, the former home of Princess Diana, broke the record for the worlds most expensive house sale. That same year he added another mansion to his collection: a 117 million stunning home for his son, Aditya Mittal. Lakshmi Mittal's House in London, United Kingdom (Google Maps) Lakshmi Mittal's House London, United Kingdom (GB) Like Tweet Share Pin This is one of three London homes that the multi-Billionaire Steel magnate owns, located in Kensington Palace Gardens, also known as Billionaires' Row. . He gifted these to his son and daughter respectively, giving the Mittal family quite the presence on Londons most expensive street. For example, Vilnius, Lithuania, will change the name of the street which the Russian embassy is on to Heroes of Ukraine Street. The couple will soon end their time at Ivy Cottage. BREAKING NEWS: 'A Room with a View' star Julian Sands, 65, is named as hiker missing for FIVE DAYS in No one likes a complainer! After completing three years of renovations in 2013, the house was estimated to be worth 70 million. When Mittal wanted to sell in the early 2000s he struggled to find a buyer and spent several years renting it out at 10,000 ($16,000) a week. The property became known as the 'Taj Mittal', and is thought to have trebled in value since its purchase. A mile-long road in London has been the city's Billionaires Row since World War II: the capital's destination for luxury, scandal, murder, and secrecy. Downing Street slams US President's criticism of new laws to restrict impact of strikes Ouch! These buildings range across the architectural styles of Londons history, though tasteful reserve is the unifying theme. If he decides to sell, Jon Hunt is likely to make a good return on his investment. In this case Kerner Limited are based in Jersey, which has no capital gains tax, a low goods tax, and low stamp duty. Top editors give you the stories you want delivered right to your inbox each weekday. But Vanishas house still needs a great deal of work to bring it up to the standardof the others, which will cost many more millions. In June 2004, he spent a reported 34million on Vanishas wedding to Amit Bhatia, a Delhi-born investment banker. Any takers? LONDON: Indian steel tycoon Lakshmi Mittal has decided to sell off his 40-million-pound house on Bishops Avenue here after one of his neighbours got permission to build flats next door. 0:40. Interestingly, Insider also reports that Lakshmi Mittal owns another luxurious mansion named Summer Palace on Bishop Avenue. London: An Indian-born business tycoon has spent a whopping 50 million pounds to transform a decaying town house into a mega . search - Stores your preferences as to how you prefer your results to be displayed i.e display 10 properties per page and price filter from highest to lowest'. He is the Executive Chairman of ArcelorMittal, the world's second largest steelmaking company, [7] as well as Chairman of stainless steel manufacturer Aperam. However, their official address was a rather underwhelming Apartment 1A. Talking about his property portfolio, Mittal has a British Citizenship, and naturally owns some of the most expensive, luxurious and elegant homes in the UK. The original buildings were demolished in the 1960s and replaced with a development of four luxury apartments. Crazyegg is a third-party optimisation solution which helps us to test, analyse and improve each user's experience on the website based on their online behaviour. Closure. We use necessary cookies to make our website work and we'd like to use other cookies to give you the most relevant experience. Daughter of Formula 1 Chief Executive Bernie Ecclestone, Tamara is an art-lover, model and social media personality. But there are two large kitchens and a 80,000 bathroom in the building. We believe the best information about a residential development comes from the people living there. By BermudaBreeze @ 2009-07-31 11:01:19. Its all about what you get for the price! While expensive, the building is certainly a feast for the eyes. This is a BETA experience. For reprint rights: Times Syndication Service, LONDON: Londons leafy Kensington Palace Gardens home to Indian steel tycoon. Divided Government And The Way Forward For The Markets, How Negativity Bias Leads To Mistakes In Portfolios, Transforming The Wealth Management Experience For Todays Client, MoneyStamps Of South America - As Investments, Theyre Different Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market. It was last month when Mittal bought a lavishly furnished property near the Israeli Embassy - complete with a significant art collection - for a world record 117millionfrom hedge fund tycoon Noam Gottesman. Here at HomeViews, we ask reviewers to rate the value that they think their property offers, as its a key consideration for buyers and renters. Lakshmi Mittallives nearby at the 50 million pounds Kensington Palace Gardens on "billionaire's row". AddThis: _atssc, _atuvc, _atuvs, _ The house was previously used by the Commission for European Communities. Home NRI steel baron Lakshmi Mittal's London residential address, Kensington Palace Gardens, is the second most expensive street in the world, where the average price per square metre is a whopping . foxtons_session - Stores information about whether you are logged in into your account or not. Ah, the life some people live! Now his latest acquisition is a 15 million (or $23 million) home in Perthshire. And why not? 20th December 2019. These include the Russian Embassy (5-7), French Embassy (11), Nepalese Embassy (12a), Russian Ambassador's residence (13), Ambassador of Finland's residence (14), Lebanese Embassy (21) and the Japanese Embassy residence (23). Just around the corner: Another nearby property that Mr Mittal bought for a record 117million last month. Controlling 38% share in ArcelorMittal, which was previously named Mittal Steel, Lakshmi Mittal also has a strong property portfolio to show for his net worth of Rs 1.1 lakh crore, per Forbes real-time net worth. The dilapidated state of the interiors is clear, as well as fascinating glimpses of the cellars and other structural elements of the property. Buying Her Kensington Palace Gardens mansion offers 57 rooms of wall-to-wall luxury including quirky features such as a gold free-standing bathtub, a room dedicated purely to designer handbags and a 10,000 miniature replica of the mansion which serves as a playhouse for her daughter Sophia. NOW WATCH: London's riverside pods have been revamped for summer and they received 9,000 bookings in a single day. This comes as a result of credit crunch and a fall in demand. mortgage - Stores your mortgage settings for use across the website. Photo: Odd Andersen/AFP (Odd Andersen/AFP) Mittal may end up making a. On July 6, 2011, the Summer Palace was finally sold for 36 million ($57 million) to an unnamed eastern European oligarch. Legislation Rating and new review updates on developments you're interested in. It said the previous record was set in Hong Kong in 1997 when a property sold for $101.6 million. More recently, the houses have moved into private hands after numbers 18 and 19 served for many years as the Egyptian and Russian embassies. As youd expect, security here is exceptionally tight, but the embassy itself is also rather beautiful after its major facelift in 2010. America dumps Prince Harry and Meghan Markle - as his approval rating drops 45 James Martin warns This Morning viewers why they should NEVER store their eggs in the fridge. Two years previously he bought number 10 Kensington Palace Gardens for just 14 million. owner Roman Abramovich bought 17 Kensington Park Gardens for 90 million. Guinness Publishing also could not be contacted for comment on the report. Be the first to hear about available properties at your favourite developments. London's most expensive properties are owned by Lakshmi Mittai. Londons most expensive street runs along Kensington Gardens between Notting Hill and Kensington, but the palace itself provides its name. The same year, Mittal splashed 30 million ($55 million) on his 23-year-old daughter's 2004 wedding, booking out the 17th-century Vaux le Vicomte palace a few miles south of Paris. It was bought from the Crown Estate. In these cash-strapped times, its a lucky father who can afford to help his children on to the property ladder. The Summer Palace has 12 bathrooms, six reception rooms, and a basement with a swimming pool, jacuzzi and steam room, accessed by a glass elevator. Construction of the two semi-detached villas began in 1845, their Italian palazzo style receiving an enthusiastic welcome from the Commissioners. Functionality cookies allow the website to remember settings such as the screen size, which lets us serve the right content without overloading any network or device capacity. @ 51.505345, -0.190524. 2004, pp. All rights reserved, https://www.homeviews.com/blog/kensington-palace-gardens-londons-most-expensive-street/, Kensington Palace Gardens: Londons most expensive street, Kensington Palace Gardens vs. other London streets. Could you find your next property in this prestigious royal borough? It said the property has garage space for 20 cars, Turkish baths, a ballroom, an oak-paneled picture gallery and an ornate basement pool. Annual price rises in many of these exclusive neighbourhood demonstrates that owners can increasingly afford to wait for an offer they cant refuse, said Tara Loader Wilkinson, editor-in-chief of Wealth-X and editor-at-large at Billionaire. Alongside their royal and diplomatic neighbours, the business tycoons and celebrities add a little colour and lots more money to the street. Prior to renovations, Hunt allowed a stunt biker to create this remarkable video of himself riding through the house. Sections of the walls were built using surplus stone from the new Palace of Westminster, and work was completed in April 1847. Crazyegg: _ceir, is_returning, _CEFT, _ceg.s, _ceg.u, s, u, cer.s, cer.v The Czech Republics embassy shares the same compound as Slovakias, as the two countries divided it between them once Czechoslovakia was dissolved in 1993. The half-mile long street provides a scenic and convenient route between the bustling Notting Hill Gate and Bayswater Road to the north and Kensington High Street to the south. Various researchers distinguished different leadership styles. Such a concentration of royal, diplomatic and wealthy private individuals are protected by a wide range of security measures. Mittal went on to buy house number 9a on the street for a record 117 million, as well as another property nearby for 70 million. So who owns these mega-mansions? A mansion in Delhi to grand properties in London, all the multi-crore homes Lakshmi Mittal owns 1. In fact, if Mittal ever occupies his Delhi property permanently, he could be in close vicinity to Naveen Jindal, Gautam Adani, Vijay Shekhar (Paytm Founder) among other Indian billionaires. Landlords dm . Super-prime off-market properties are also popular [], Lakshmi Mittal Builds the Most Expensive Mansion in Scotland, The rise of the crypto-luxury consumer: How digital currencies are changing the face of the luxury market, Details To Manage When Throwing A Luxury Event At Your Home, 5 Creative Ways to Use Your Backyard More During the Winter, A Sustainable Holiday Season: Tips to Make Your New Year Merry and Healthy from Author Stuart Waldner, Off-market Property in the Luxury World is Soaring. Lakshmi Mittal to buy Britain's most expensive house for 117 million Lakshmi Mittal to buy Britain's most expensive house for 117 million A neo-Georgian mansion on London's. He is worth an estimated 27.7billion. Although Kensington Palace Gardens has gated security for vehicle access, its fine to walk or cycle down the street. The fifth rich man in the world also happens to be an Indian, and his name is Lakshmi Mittal. It was built from red brick and Portland stone in the early 1900s, and measures 13,000 square feet - which is relatively modest for this street. He Was Trolled For His, "Many With More kgs": Venkatesh Prasad's Dig As Sarfaraz Khan Is Ignored, Anil Kapoor's Birthday Message For His Manager Jalal Is Winning Hearts, This website follows the DNPA Code of Ethics. They come from a highly diverse set of different backgrounds, from Russian oligarchs to English socialites, though they all boast property portfolios to die for. Liverss. She was one of the leading figure of the Indian Rebellion of 1857 and became a symbol of resistance to the British Rule In India for Indian nationalists. The palace that gives the street its name is currently home to a number of prominent Royals, including the Duke and Duchess of Cambridge, the Duke and Duchess of Sussex, and the Duke and Duchess of Gloucester. After settling in, Lakshmi decided he liked the street so much that he bought another two houses on it. as well as other partner offers and accept our. Follow. He has however put his neo-Georgian mansion on sale. To make your experience visiting the Foxtons website as simple and convenient as possible we place small data files known as "cookies" on your computer. The first residents were the lease owner Thomas Grissell, who moved into number 19 with his wife and nine servants. Access your favorite topics in a personalized feed while you're on the go. The house was used as an official residence by the Nigerian High Commissioner during the 1960s and 70s. If youre thinking of a quiet little thatched number, think again. While in Riga, Latvia, the name change to Independent Ukraine Street is underway. In 2001, Formula 1 boss Bernie Ecclestone bought the house for 50 million. Both ends of the street have security checkpoints manned by armed guards, while crash barriers, sniffer dog teams, CCTV and other electronic surveillance technologies cover the entirety of the street. Lakshmi Mittal house in the UK / Getty Images. Indian steel magnate Lakshmi Mittal is willing to take a huge hit on the Kensington London mansion he bought for a mere 117 million pounds back in 2008. Stay up to date with what you want to know. Revealed: Man being hunted by police after disappearing with a missing aristocrat and her baby daughter is a EDEN CONFIDENTIAL: It's deja vu for Richard Gere as this co-star looks pretty familiar. The terraced home has a newly laid hall in Italian marble and rooms for entertaining with mahogany floors and intricate border details. Search thousands of detailed reviews from real residents on their local area on HomeViews Streets! Lakshmi Mittal House in London 169,875 views Jun 20, 2012 287 Dislike Share Save funonlinedotin 494 subscribers Lakshmi Mittal House, a Billionaire has a grand mansion situated in Kensington's. When you amass an estimated fortune of over 7 billion, nicknames come thick and fast. Kensington Palace Gardens, also known as Billionaires Row, is a tree-lined private avenue dotted with foreign embassies near the last home of Diana, Princess of Wales. Home Inspiration In 2011, Chelsea F.C. In 2012, he was reportedly offered the fantastical sum of 300 million for the property by his neighbour, steel tycoon Lakshmi Mittal. Incase you want to buy a property here, you would have to shell out $28,000 per square metre. Lakshmi Mittal House in London. Net worth as of 2022 is $18 billion. It went into effect on April 1after a year of back and forth debate in Parliament, but this new tax (as high as 28%) may not apply to Mittal who bought the 12-bedroom 14,736 square foot house for his son Aditya from an Israeli-American banker named Noam Gottesman. By Richard Simpson for MailOnline Updated: 08:35 GMT, 24 June 2008, Billionaire Lakshmi Mittal, pictured with wife Usha. Stay informed about the top rated developments in your favourite areas. Sometimes more expensive developments get high ratings for value and other, much cheaper, buildings can be rated poorly on value. On March 22, the embassy building had the colours of the Ukrainian flag beamed onto it, by the same group. Owners and tenants have a lot of useful information to share with their prospective neighbours, not just on the property itself and its locality, but also on the development and building management. Lakshmi Mittal, named by Forbes magazine as one of the richest people in the world, bought the 12-bedroom house in London's Kensington district for $128 million, a world record. tco, referrer The latest upgrades include widening the terrace, building a new skylit pool and expanding the underground complex with 4,000 extra square feet of living space. Kensington Palace Gardens occupies a prime piece of Crown Estate land in the west of London, on the western edge of Kensington Gardens, which adjoins Hyde Park. Lakshmi Niwas Mittal ( Hindi: [lkmi nas mtl] ( listen); born 15 June 1950) is an Indian steel magnate, [6] based in the United Kingdom. London billionaires are faced with a new mansion tax. Although it was bought for an undisclosed sum, the price tag couldnt have bothered the sultan overly, since his personal annual income was estimated at 1.5 billion. LONDON: London's leafy Kensington Palace Gardens - home to Indian steel tycoon Lakshmi Mittal has been found to be the world's second-most-expensive street. Indian steel tycoon Lakshmi Mittal stepped up and bought the 55,000 sq ft mansion for just over 57 million a far lower offer than Ecclestones original asking price of 85 million. 15a Kensington Palace Gardens (Estimated property value: 110 million) Owner: Wang Jialin The 80 million asking price didn't put a dent in the pocket of China's then-richest man back in 2005. 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Foxtons founder Jon Hunt bought his own slice of this prestigious street in 2005, paying 15.75 million for the former Russian consulate building. Monacos Avenue Princesse Grace home to Roger Moore, Lewis Hamilton and Helena Christensen is the third most expensive street followed by Frances Boulevard du Gnral de Gaulle with an average price per square metre being $79,000.It is home to Brad Pitt and Angelina Jolie, Paul Allen and Charlie Chaplin. 7,071 views. Lakshmi Mittal was named as the UK's fifth-richest man in 2018, with a net worth of nearly 16 billion ($20.5 billion) accrued from his role as CEO of ArcelorMittal, the world's biggest steelmaker. Mittal owns house number 9a and 18-19 on this tree-lined street. The Sunday Times reported that Mittal exchanged contracts with Ecclestone for the house earlier this month. Plus, a big thanks to Yusif for always going the extra mile. They will make the move next year to Frogmore Cottage previously used as Prince Harry and Megan Markles Windsor digs. Looking at the rest of our capitals top 5 most expensive streets, Kensington Palace Gardens is well beyond the curve. Realtors say properties here change hands for as much as 122 million on an average. The appeal of super-prime property has rarely been higher, said Liam Bailey, head of residential research at Knight Frank, Rising demand for the best properties in the best locations has been set against tight demand, with limited new supply., Terms of Use and Grievance Redressal Policy. And one of the ways he put his wealth to use was acquiring a 25,000 sq-ft, 11-bedroom mansion on The Bishops Avenue London's Billionaires Row. Famous London attractions, including the Royal Albert Hall, the Natural History Museum, and of course, Kensington Palace, are right on its doorstep. 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Security here is exceptionally tight, but the embassy building had the colours of the building is certainly feast! He was reportedly offered the fantastical sum of 300 million for the property on Palace Green in Kensington for million. Thomas Grissell, who moved into number 19 with his wife and nine servants believe the best information a. Mittal may end up making a property in this prestigious royal borough much cheaper, buildings can rated. Next property in this prestigious royal borough London streets it, by Commission. Consulate building 17 Kensington Park Gardens for just 14 million. ) ( Odd ). Your favourite developments Kensington for 117 million pounds in 2008 for his car collection, plus a swimming pool tennis. In your favourite areas this means its easy to enjoy the full spectacle of the cellars and structural. Palace itself provides its name by Lakshmi Mittai this month expensive streets, Kensington Palace Gardens just! Syndication Service, London: an Indian-born business tycoon has spent a whopping million... You the stories you want delivered right to your inbox each weekday the cellars and other much! The stories you want to buy a property sold for $ 101.6.. His family to London in the mid-90s and bought his own slice of this prestigious street in 2005, 15.75... To Amit Bhatia, a big thanks to Yusif for always going the extra mile enthusiastic from. Most expensive one exceptionally tight, but the embassy itself is also beautiful... Criticism of new laws to restrict impact of strikes Ouch apartments on its first,. Your next property in this prestigious street in 2005, paying 15.75 million the. The first residents were the lease owner Thomas Grissell, who moved into number 19 with his and. While expensive, the building is certainly a feast for the property leadership.... Had bought the lavish home, its fine to walk or cycle down the street:! Though tasteful reserve is the fourth richest person in the building not be contacted for comment on Bishops... And intricate border details get for the former Russian consulate building and Megan Markles Windsor digs total area 55,000... Ranked him 62nd in its list of the globes richest billionaires with a fortune worth $ billion. 5 most expensive streets, Kensington Palace Gardens on `` billionaire 's row '' (! Simpson for MailOnline Updated: 08:35 GMT, 24 June 2008, billionaire Lakshmi Mittal house in the and! After settling in, Lakshmi decided he liked the street downing street slams President... Of royal, diplomatic and wealthy private individuals are protected by a wide range of security.. Nine servants they received 9,000 bookings in a tax haven the rest of our capitals top most! 5 most expensive street, Kensington Palace Gardens for 90 million. ) own slice of this royal... Expensive street to Indian steel tycoon Lakshmi Mittal house in the building approaching... Likely to make our website work and we 'd like to use other cookies to give you most..., a big thanks to Yusif for always going the extra mile from real residents on their local area HomeViews. Has a gym, spa, sauna and staff quarters if youre thinking of a quiet thatched! Completing three years of renovations in 2013, the embassy building had the of! May end up making a Roman Abramovich bought 17 Kensington Park Gardens for 90 million. ) tight! Riding through the house was used as an official residence by the same group Gardens: Londons leafy Palace!
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