St James's Palace functioned as the official residence of the royal couple, but the king had recently purchased a nearby property, Buckingham House, located at the western end of St James's Park. More private and compact, the new property stood amid rolling parkland not far from St James's Palace. Around 1762 the King and Queen moved to this residence, which was originally intended as a private retreat. The Queen came to favour this residence, spending so much of her time there that it came to be known as The Queen's House. Indeed, in 1775, an Act of Parliament settled the property on Queen Charlotte in exchange for her rights to Somerset House.