Savills has confirmed its appointment to sell the long leasehold interest in Admiralty Arch, London, SW1, on behalf of the Government.
Savills has confirmed its appointment to sell the long leasehold interest in Admiralty Arch, London, SW1, on behalf of the Government.
The Grade I listed building is positioned on the south west corner of Trafalgar Square and provides an elegant entrance to The Mall which leads to Buckingham Palace. It extends to approximately 13,685sq m (147,300sq ft), arranged over basement, lower ground, ground and five upper floors.
Currently in use as administrative offices, HM Government is seeking to dispose of Admiralty Arch, as it is no longer deemed suitable for modern office working practices. The objectives are to respect and protect the heritage of the building now and in the future, enable the potential for public access, ensure awareness of any potential security implications and to maximise value for the taxpayer.
Robert Seabrook, Director of Savills, says: “This is a world famous historic property in a prime central London location and will be of substantial interest to a wide range of organisations and investors.”
Admiralty Arch was commissioned by King Edward VII as a memorial to mark the reign of his mother Queen Victoria. Originally housing the offices and residence of the First Sea Lord, distinguished Admirals who have resided at Admiralty Arch include Lord Fisher, Sir John Jellicoe and the Earl of Beatty. Amongst the latest occupiers of the building are the Ministry of Defence and the Cabinet Office. The Arch was designed by the architect Sir Aston Webb and completed one hundred years ago.
The building has retained significant cultural importance with generations of the Royal Family passing through the central arch during ceremonial processions, most recently as part of the Royal Wedding route for Prince William.