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.
— The Architects' Journal
The charity responsible for restoring and running Hastings Pier—the once derelict landmark whose £14.2 million rebuild won this year's RIBA Stirling Prize—has been forced to put the property up for sell after experiencing some financial difficulties. According to the Architects' Journal, 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.
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.
No Comments
Block this user
Are you sure you want to block this user and hide all related comments throughout the site?
Archinect
This is your first comment on Archinect. Your comment will be visible once approved.