Foreign will buy the Spanish Embassy in London for 41 million after 93 years of rent

The Foreign Ministry will acquire, worth about 41 million euros, the building in which the Spanish Embassy in London is currently installed.

This is stated in the General State Budget Project, as agreed by the Council of Ministers on October 5, 2021, which authorized “the modification of the spending limits charged to future years “to allow this purchase, as confirmed by government sources to EL ESPAÑOL.

Currently, the headquarters of the Spanish Embassy in the British capital is located in a property subject to a lease with the British company Grosvenor Estate, a large international real estate company owned by Hugh Grosvenor (1991), 7th Duke of Westminster, who, with the death of his father received an inheritance of about 9 billion pounds, which made him on the richest person under 30 years of age in the world at that time.

Embassy of Spain in London.

THE SPANISH.

Your company owns more than 1,500 properties in more than 60 countries. He also has connections to the British Crown: he is godfather to George, the son of Kate and William of England. Likewise, he is known for having made the largest private donation against the pandemic of the Covid-19, of about 11.4 million euros.

The lease of the Embassy building was signed in June 1928 for a period of 98 years and 9 months, which would end on March 25, 2027. However, guided by a beneficial moment in the real estate market, the department headed by the minister Jose Manuel Albares has decided to acquire the building and the land that surrounds it, following a takeover offer.

Embassy of Spain in London.

Embassy of Spain in London.

Carmen Suarez.

This operation, according to government sources, aims to keep the Embassy in the same location, but already under state ownership.

The property is located in 39 Chesam Place, in the upscale suburb of Belgravia in Westminster —The name of the district is not accidental; It bears the name of the lineage that owns the headquarters of the Embassy and many other lands in the area—.

It is a single-family home designed by the famous nineteenth-century architect Henry Edward Kendall (1776-1875). It was built around 1840 and is listed as Grade I for its architectural value.

Ambassador

Currently, the Spanish ambassador in London is Jose Pascual Marco, whose appointment was made official in the Official State Gazette (BOE) after six months with the vacant position, after the retirement due to retirement – with Laya as Foreign Minister and in full negotiations between the United Kingdom and the EU – of the former head of mission, Carlos Bastarreche.

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