The cost of renovating Prince Harry and his wife Meghan's new home was $3 m...
LONDON - The cost of renovating Prince Harry and his wife Meghan’s new home was $3 million, Buckingham Palace said on Tuesday as it detailed how the royal family had spent money provided by taxpayers.
“The property had not been subject of work for some years and had already been earmarked for renovation in line with out responsibility to maintain the condition of the occupied royal palaces estate,” said Michael Stevens, the Keeper of the Privy Purse and responsible for royal accounts. The building had been previously converted into five separate residences and royal officials had already planned to renovate it before it was agreed that it would become the residence of Harry and Meghan.
British newspapers have reported that among the changes, the cottage now has a “floating floor” and a yoga studio. Harry, 34, and Meghan, 37, had been living in a residence in the grounds of Kensington Palace, the London home of his elder brother Prince William and his wife Kate. It is based on 15 percent of surplus revenue from the Crown Estate, a property portfolio belonging to the monarchy, from two years previously. In 2016, this percentage was raised to 25 percent for a decade with the extra set aside to pay for an ongoing major overhaul of Buckingham Palace.
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