Archinect - News2024-11-21T13:46:58-05:00https://archinect.com/news/article/150051114/drmm-s-stirling-prize-winning-revamped-hastings-pier-is-already-for-sale
dRMM’s Stirling Prize-winning, revamped Hastings Pier is already for sale Mackenzie Goldberg2018-02-21T17:47:00-05:00>2018-02-21T17:48:01-05:00
<img src="https://archinect.gumlet.io/uploads/oe/oer331h7qzgd5uwp.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>Property firm GVA said it was open to offers after being asked to find a buyer for the transformed Sussex coastal landmark.
The charity behind dRMM’s much-loved refurbishment of the pier went into administration last year. Now the administrators have appointed GVA to sell the asset.</p></em><br /><br /><p>The charity responsible for restoring and running <a href="https://archinect.com/dRMM/project/hastings-pier" rel="nofollow" target="_blank">Hastings Pier</a>—the once derelict landmark whose £14.2 million rebuild won this year's <a href="https://archinect.com/news/bustler/5824/riba-shortlists-6-buildings-for-2017-stirling-prize" rel="nofollow" target="_blank">RIBA Stirling Prize</a>—has been forced to put the property up for sell after experiencing some financial difficulties. <a href="https://www.architectsjournal.co.uk/news/client-behind-drmms-stirling-prize-winning-hastings-pier-goes-bust/10025630.article" rel="nofollow" target="_blank">According to the Architects' Journal</a>, last year, the charity failed to agree a new three-year business plan with the Heritage Lottery Fund, Hastings Borough Council and East Sussex County Council in order to become self-funding.</p>
<p>Due to the charity's insolvency, administrators Smith & Williamson were appointed back in November in hopes of ensuring the pier's future. They have now put the property firm GVA in charge of selling the 145-year old pier, which will remain open throughout 2018 with funds from HLF already allocated to the project. </p>