Real estate firm, Colliers International, has today announced the sale of a high profile redevelopment site in Wembley Park, to the French Education Property Trust (FEPT) on behalf of its client, the London Borough of Brent.
Brent Town Hall is a Grade II listed Art Deco building of in excess of 90,000 sq ft with a site area of approximately 5.3 acres. It was marketed for sale earlier this year due to relocation to the new Civic Centre in 2013.
Tiffany Forshaw, Associate Director at Colliers International said: “Finding the right buyer for this iconic building was a challenge due to its listing status and it’s a real achievement to be able to say that contracts have now been exchanged. As one of the area’s landmark buildings, we know how important it was to ensure a bright future for this historic former Town Hall.”
Commenting on the sale, Cllr George Crane, Brent Council Lead Member for Regeneration and Major Projects said: “Today marks the beginning of a bright new future for the council. The sale of Brent Town Hall represents our commitment to the progression of our services and building a better future for our community. We are set to leave behind a building that has been a civic home for more than 80 years to every important decision regarding our borough, where thousands have made their matrimonial vows and where many more have been declared British Citizens.
“We have worked to ensure the future of the building has been secured and that the history, listed status and setting of the building is respected. It will make a fantastic space for FEPT who will bring a new energy and life to the building through setting up a new school. I wish them well in their investment and look forward to the prospect of pursuing Brent’s interests at the new Civic Centre.”
Purchaser, FEPT, was represented by Alex Stanford-Tuck of Somers Property, and intends to convert the building to a school. Ambassador, SEM Bernard Emié said: “I am particularly pleased with the choice of the French Education Property Trust to purchase Brent Town Hall. First of all, this historic building provides an ideal space and enjoys the perfect location to house our future school, which will enable us to increase the reception capacity of French secondary education in London. Indeed, the project is very eagerly awaited by the French community and all those who recognize the quality of French education in London. The surrounding area is also experiencing full urban regeneration. I am therefore convinced that the acquisition and renovation of Brent Town Hall will enable us not only to create a magnificent living space for pupils but also to contribute to the modernization of Brent and forge lasting links with its local community and businesses."