Far East Consortium has sold the Hornsey Town Hall development to AMTD IDEA Group for £47.2 million. FEC originally bought the lease in 2016 for £3.5 million with plans to restore the Art Deco landmark and build residential and community facilities. While luxury flats are complete, the arts centre's progress remains unclear. Haringey Council, set to become Borough of Culture in 2026, is pressing for a clearer timeline on the arts centre's development, emphasizing the importance of delivering community benefits. Cllr Peray Ahmet voiced her commitment to ensuring the project's objectives are met and community access is prioritized.
Cllr Ahmet expressed urgency in discussions with AMTD IDEA Group and emphasized the need for a guaranteed timeline for the arts centre at Hornsey Town Hall.
The sale to AMTD IDEA Group is expected to expedite the arts centre's development, aiming to meet community and cultural commitments in line with Haringey's future.
Collection
[
|
...
]