Council set to snap up Tooley Street base

Wed 12 December 2012, 12:25 pm

Southwark Council has agreed terms to buy the freehold of its headquarters in Tooley Street, SE1, according to reports.

The authority was this week due to set out a business case for the purchase of the 205,236 sq feet office building, website CoStar reported.

The terms of Southwark’s lease last until 2033 and it currently pays £7.7 million a year in rent on the building.

An outright purchase of the building is expected to reduce the council’s annual costs.

<

Share

Latest News

Space no issue at Southwark homes

An architect practice in Southwark has responded to the mayor of London's policy to make use of small sites across London, by…

By Natalie Vincent

Elizabeth line delayed

By Natalie Vincent

Pride of Southwark

By Natalie Vincent