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From Churchill’s old War Office to Liverpool’s Municipal Buildings, the government and cash-starved local authorities have been selling off valuable assets to plug budget shortfalls. But should pieces of the nation’s soul ever be put up for sale?Outside the Box is a cafe in the scenic spa town of Ilkley, on the edge of the Yorkshire Dales; a good-natured, relaxing place where you can enjoy a reasonably priced enchilada at the tables that spill out on to the pavement. It’s a social enterprise, dedicated to giving skills and confidence to the people with Down’s syndrome and other learning disabilities who enthusiastically staff it, so as to “release their full potential” and help them lead “more independent and fulfilled lives”. It occupies the Arcade, a glass-roofed, stone-fronted, iron-balustraded Victorian structure that had fallen into disuse until the cafe and its associated administrative rooms moved there in 2019. The building belongs to Bradford council, which recently announced that this and 154 other assets were being considered for sale, in order to plug a gap in the local authority’s finances by raising a hoped-for £60m.The OWO is a five-star hotel in Whitehall, London, an Edwardian baroque palazzo that was formerly the old War Office – “London’s most storied address”, as the hyperbolic blurb has it. It is run by the Raffles hotel chain, following a six-year “definitive transformation” by the transnational conglomerate Hinduja Group and the investment management firm Onex Holding, for a total project cost of $1.5bn (£1.2bn). Here guests can stay in ornate spaces touched by association with figures such as Winston Churchill, TE Lawrence and Ian Fleming, who all used to work in the building. Prices start at £1,000 a night for rooms and £20,000 a night for “heritage” suites. Or you might buy one of the development’s 85 residences, including a 7,700 sq ft penthouse, for up to £20m. Continue reading…
From Churchill’s old War Office to Liverpool’s Municipal Buildings, the government and cash-starved local authorities have been selling off valuable assets to plug budget shortfalls. But should pieces of the nation’s soul ever be put up for sale?
Outside the Box is a cafe in the scenic spa town of Ilkley, on the edge of the Yorkshire Dales; a good-natured, relaxing place where you can enjoy a reasonably priced enchilada at the tables that spill out on to the pavement. It’s a social enterprise, dedicated to giving skills and confidence to the people with Down’s syndrome and other learning disabilities who enthusiastically staff it, so as to “release their full potential” and help them lead “more independent and fulfilled lives”. It occupies the Arcade, a glass-roofed, stone-fronted, iron-balustraded Victorian structure that had fallen into disuse until the cafe and its associated administrative rooms moved there in 2019. The building belongs to Bradford council, which recently announced that this and 154 other assets were being considered for sale, in order to plug a gap in the local authority’s finances by raising a hoped-for £60m.
The OWO is a five-star hotel in Whitehall, London, an Edwardian baroque palazzo that was formerly the old War Office – “London’s most storied address”, as the hyperbolic blurb has it. It is run by the Raffles hotel chain, following a six-year “definitive transformation” by the transnational conglomerate Hinduja Group and the investment management firm Onex Holding, for a total project cost of $1.5bn (£1.2bn). Here guests can stay in ornate spaces touched by association with figures such as Winston Churchill, TE Lawrence and Ian Fleming, who all used to work in the building. Prices start at £1,000 a night for rooms and £20,000 a night for “heritage” suites. Or you might buy one of the development’s 85 residences, including a 7,700 sq ft penthouse, for up to £20m.
