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Kensington and Chelsea council is poised to give the green light to a £10m plan by Chelsea Football Club owner Roman Abramovich to turn an historic property overlooking the Thames into his London home.
Abramovich put forward a project to renovate three linked properties in London's high-end Cheyne Walk in April 2012, but concerns raised by neighbours and council members delayed things.
After amendments to the plan were made, the council will give the go-ahead, the London Evening Standard reported.
One of the Grade II-listed period properties to be transformed is a 1670s building that was once home to artist James Whistler and later to late Tory minister Paul Channon. A second house in the block was built in 1521 by Sir Thomas More.
Work is expected to last three years. At the end of that time, the 46-year-old Russian billionaire intends to move in with his 31-year-old partner Dasha Zhukova, his son Aaron, three, and his massive collection of modern paintings.
Abramovich's priceless artworks will play a prominent role in the structure of the new house. According to the proposals, a garage block will be torn down and replaced with a "bespoke [gallery] with a particular focus on the quality of light and display of artworks".
Drawings of the project also include a separated building to serve as a guest house.
The Russian magnate currently lives two miles away in Kensington Palace Gardens.
Renovation completed, it has been esteemed the new property will be worth up to £100m.