Former London Fire Brigade HQ to be marketed
Thu 1st October 2015, 11:31 am
The former headquarters of the London Fire Brigade on the South Bank will be put up for sale as the London Fire and Emergency Planning Authority (LFEPA) begins the search for a partner to redevelop the building.
To fund the redevelopment of the building, the freehold interest for the building is now on offer.
The LFEPA has opted not to set an asking price, instead letting the market determine the value of the property.
The contracted notice stated: "The authority is seeking to appoint a development partner, in order to achieve the best consideration which is reasonably obtainable from the freehold interest in 8 Albert Embankment, while re-providing Lambeth fire station and incorporating the new London Fire Brigade Museum (LFB) in the scheme for the property.
"The disposal is to secure the release of latent value to cover the cost of providing these facilities and to maximise the capital and other receipts to the authority, by optimising the use and value of the site."