They will also be close to several key Olympic events, including the Beach Volleyball in Horse Guards Parade, and the marathon, which will start and finish in the Mall.
Nearby Hyde Park will be the venue for some swimming events.
One source said: ‘The Palace is exploiting its historical heritage and its prime location. Officials have already begun contacting firms and charities who they think might be interested in using the Palace.
'They are targeting organisations who have an existing link with the Royal Household and that includes those who have Royal Warrants.'
All the dates are now reportedly sold out, after an overwhelming response from big businesses looking to throw a soiree to remember.
St James’s Palace, which is still the official residence of the Sovereign, is normally closed to the public.
Now, under the hire plan, firms will be able to invite guests to events in the Tapestry Room, which boasts an original Tudor fireplace and a selection of tapestries woven for Charles II, and the Throne Room, which contains a single throne for the reigning Monarch.
The third room on offer, the upholstered Queen Anne Room, is dominated by a portrait of George III.
Companies can entertain up to 500 guests for lunch, dinner or a drinks reception. It is understood catering will be carried out by Palace staff rather than by private firms.
The three rooms have each seen their fair share of history – the treaty which established the Council of Europe, for instance, was signed in the Queen Anne Room in 1949.
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