It was erected after her death at a cost of £1.7 million[1] on the site of the existing Peter Pan children's playground which had been founded in the time of JM Barrie (author of Peter Pan in Kensington Gardens), but it is larger and more elaborate than the original. The design, by LUC (Land Use Consultants), was inspired by Barrie's Peter Pan. Its most prominent feature is a full-scale wooden pirate ship which serves as a climbing area for children, and is surrounded by sand in which they can play. Other features include slides, swings, and an area designed for those with disabilities, including fragrant plants and sound features (for those with visual disabilities). The playground is an example of a "natural play" concept, designed to stimulate children's imagination, sense of adventure, and to encourage them to challenge their physical and mental powers.
It is at the north western corner of Kensington Gardens, in sight of the Princess's former residence at Kensington Palace. It is adjacent to the Broad Walk of Kensington Gardens.