Leading real estate investment manager, Prupim has bought a 30-year leasehold interest in the new UK Supreme Court on Parliament Square for a sum exceeding £30 mln (EUR 32.6 mln) on behalf of its Prudential Annuity Fund from Kier Property.
Leading real estate investment manager, Prupim has bought a 30-year leasehold interest in the new UK Supreme Court on Parliament Square for a sum exceeding £30 mln (EUR 32.6 mln) on behalf of its Prudential Annuity Fund from Kier Property.
The 70,000 sq ft (6,503 m2) building, formerly the Middlesex Guildhall Crown Court, is grade II listed and was recently the subject of extensive remodelling and refurbishment to prepare it for use as the new UK Supreme Court – which will be the pinnacle of the UK judicial system and the first court in the UK to transmit proceedings live on television.
It was handed over to the Ministry of Justice in March 2009 for fitting out and will be opened by HM The Queen later this month. Kier Wallis undertook the refurbishment work on behalf of Kier Property.
Bushe Gower Associates acted for Prupim.
Bushe Gower Associates acted for PRUPIM.
