Savills has confirmed its appointment to sell the long leasehold interest in Admiralty Arch, London, SW1, on behalf of the UK government.
Savills has confirmed its appointment to sell the long leasehold interest in Admiralty Arch, London, SW1, on behalf of the UK government.
The Grade I listed building is positioned on the southwest corner of Trafalgar Square and comprises 13,685 m2 (147,300 sq ft), arranged over basement, lower ground, ground and five upper floors.
Admiralty Arch is currently in use as administrative offices but is no longer deemed suitable for modern office working practices.
Robert Seabrook, director of Savills, said: '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 100 years ago.
