The site, which has been open in Notting Hill for 32 years, is shutting its doors to make way for the construction of the controversial Newcombe House residential, shopping and office development by Brockton Capital and U+I.
The plans were green lit by London Mayor Sadiq Khan last year, despite opposition from local residents' groups who warned the scheme would create an “overbearing” skyline.
Kensington Place opened in 1987 and has been owned by D&D since 2007 when it bought the Image Restaurants portfolio, which also included Launceston Place, for an estimated £5m-£10m.
D&D says the majority of the restaurant’s staff will transfer to other sites in its portfolio following the closure.
“[Kensington Place] was one of the restaurants that kickstarted the renaissance of London restaurants and we have been its proud owners since 2007,” says Des Gunewardena, CEO and chairman of D&D.
“We will miss Kensington Place dearly and we hope that many of our customers and friends will join us in our last few weeks to wish KP a very jolly goodbye.”
D&D operates over 30 restaurants in London, Leeds, Manchester and worldwide.