The Royal Institution of Great Britain
The Trustees of The Royal Institution of Great Britain, founded in 1799,
instructed Cyril Leonard to advise on options for generating either revenue or
capital receipts through leasing on the sale of all or part of its £60 million
45,000 sq.ft Grade I Listed Heritage property.
This instruction required input
from the firm's leasing, investment, construction and asset management teams
and involved extensive presentations to the Trustees and working committee to
consider the planning, Charity Commission and sales processes. The project was
high profile and of national importance due not least to the impact of the
Royal Charter status of the Institution.
A consequence of the process was that
significant donations were raised by the Trustees which allowed the Institution
to retain its world famous headquarters.