|Fulham Town Hall Shortlisted Buyers Revealed|
Local landmark to be sold to foreign buyer
Fulham Town Hall is set to be sold either to a Singapore based hotel group or an American retail group.
Hammersmith and Fulham Council, which is holding an exhibition about these future plans at the town hall today, Tuesday December 13 from 1pm till 9pm, says it can no longer afford to maintain the Grade II Listed Victorian building, which was built in 1888.
After being put on the market in May alongside a range of other "under-used" council buildings, the council says it received interest from 12 bidders from all across the world and the council has now whittled that down to a final shortlist of two, both of whom are going public at the exhibition.
The council says the frontrunners to acquire the iconic, landmark building are Dory Ventures and Mastelle Group.
Dory Ventures, an American-based retail group, features Maclaren as its leading UK brand. Recognised for its range of children’s and maternity products, Maclaren would be the anchor occupier in a lifestyle emporium which would also house other Dory brands, Laser Performance and Albert Thurston.
In its proposal, other parts of the building would be restored for high quality, private residential use.
It has been predicted for months that the building is most likely to become a hotel, and yesterday Loh Peng, the Singapore tycoon behind the bid, said he has a "long-term commitment to sharing it with the community".
Peng's property business Unlisted Collection specialises in creating hotels in restored heritage properties. He told business publication City AM that if all goes according to the plans drawn up by Rare architects, a 45 to 50-room hotel will open by the first quarter of 2013, alongside three restaurants, a bar, a spa and themed internal courtyard gardens.
Peng added: " I love the building, and I think it's an opportunity to put the town hall back into the centre of Fulham’s social and economic life."
Cllr Nick Botterill, Deputy Leader and Cabinet Member for Environment, said: "I am sure that everyone who attends the exhibition will agree that these two, very different proposals will provide Fulham Town Hall with a new lease of life, ensuring that it flourishes for decades to come in a way that is financially secure and avoids public subsidy.
" We are also pleased that both these schemes will see the building available for public use so that residents and visitors can enjoy the building in all of its glory.
December 13, 2011