LONDON.- The Royal Parks, as part of an initiative to make better use of its buildings, has awarded a contract to the Serpentine Gallery to establish a new gallery in The Magazine building in Kensington Gardens. The Grade II listed building is situated on West Carriage Drive, on the north side of the Serpentine Bridge. The project, to be known as the Serpentine Sackler Gallery, has been made possible by The Dr Mortimer and Theresa Sackler Foundation which has given the largest single gift the Serpentine Gallery has received in its 40 year history. Mark Camley, Chief Executive, The Royal Parks said: We are delighted to bring this unique listed building back into public use, providing an exciting new cultural destination for park visitors. The building will complement existing park features and facilities and bring real benefit to Kensington Gardens. Income generated