Land at Palace Avenue, Kensington (Acquisition of Freehold) Act 2002

3 Acquisition of the demised land

(1) The companies may, with the agreement of the Secretary of State and on such terms as may be agreed with him, acquire—

(a) the freehold reversion in the demised land; and

(b) the freehold right for the hotel (or any part) to overhang the grounds of Kensington Palace.

(2) Nothing in section 5 of the 1702 Act shall apply to any disposal of the demised land under subsection (1) above.