Wed, 27 Mar 2013 | COMMERCIAL PROPERTY
The Government is reportedly considering a sale of the Old War Office building in Whitehall.
The Defence Secretary Philip Hammond has given his approval to the £100 million sale, meaning that it will go ahead when a suitable buyer is found.
Estates Gazette confirmed the news, which was revealed in a Parliamentary question from Lord Hennessy regarding the future plans for the building.
The Government Property Unit is thought to be set to take control of the negotiations relating to the sale, while an agent will be sought in the summer. It is thought that the sale could be part of a potential £500 million re-development of the surrounding buildings.
Lord Astor of Hever, Under-Secretary of State for the Ministry of Defence, commented on the decision to sell the building: "The MoD intends to vacate the Old War Office during financial year 2014-15 and Her Majesty's Government are currently examining options to sell the building. I will write to the noble Lord when an announcement is to be made."
Situated in the charming town of North Berwick, the hotel presents a prime opportunity for investors seeking a thriving business in a picturesque setting. In addition to indoor amenities, the hotel boasts a wonderful outdoor dining terrace, allowing...
Opportunity to acquire a well-positioned hotel in a prime canalside location, offering excellent visibility on the A6 in a sought-after trading area.
FREEHOLD
There is an exciting opportunity to acquire an award-winning media business specialising in the production of children’s TV programmes.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.