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European parliament buys former Tory HQ
17:21 | 22.05.08
The European Parliament and the European Commission have bought the former Tory headquarters near the Houses of Parliament for £20m.
The 25,000 building at 32 Smith Square, to the south of Westminster Palace, will house a new joint headquarters with a conference centre for 150 people.
‘This deal will provide a suitable and convenient Europe House in the UK,’ said Gerard Onesta MEP, vice president of the European Parliament. ‘Our ambition now is to refurbish the building to the highest standards of environmental excellence, fit for the 21st century, to serve the citizens of the UK.’
The building has been bought from Irish developer Harcourt Developments, who bought the building for £30m from the Conservative Party last year.
It had previously been thought that Harcourt intended to convert the building into apartments.
Architects sought
The owners will now appoint architects to refurbish the building with the energy-saving environmentally friendly technologies.
Occupation is intended for early 2010. Cushman & Wakefield advised the purchasers.
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