The new galleon was constructed in the village of Frasdorf, Germany, by the same designers who produced the original Peter Pan-themed galleon for the playground’s opening in 2000.
Andy Williams, park manager for Kensington Gardens, said the galleon “really reaches to children’s imaginations, it lets them set free in a safe space”.
He added the new playground was “in the spirit of Princess Diana, we’ve kept faithful to that”.
The new structure is partially built out of mountain larch wood from sustainably managed forests in the Bavarian Alps.
The Royal Parks said the harsh alpine conditions result in extremely slow growth, making the timber stronger and naturally rot-resistant, negating the need for chemically treated wood.