Admiralty Arch scheduled to open gates to public; luxury hotel about to begin business

by Jessica MCILHINNEY on October 26, 2012

Admiralty Arch is to be transformed into a new luxury hotel and restaurant that offers views over both Buckingham Palace and Trafalgar Square, after Spanish developers purchased the iconic gateway for £60 million.

Built 100 years ago in 1912, the majestic arch was a memorial for Queen Victoria and is to be opened to the general public for what will be the first time in history, after decades merely languishing as a block of offices for civil servants. After heated competition between parties of private bidders, ministers are to today reveal the identity of the new owners as being Rafael Serrano’s Prime Investors Capital.

Ministers sold 80,000 square feet’s worth of space on a leasehold of 99 years on the grounds that the arch and every part of its interior are to be restored to their original splendour based on designs put together by architect Sir Aston Webb. Whilst under the control of the government, the building, listed as Grade One, has lost much of the grandeur it once had while the office space had been considered much too shabby for any civil servants to remain working there.

Additionally, the new owners have had to show that they are able to deal with complex security requirements that come with keeping a building situated in the centre of Whitehall, not to mention a stones’ throw from Buckingham Palace, completely safe from terrorism.

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