Andrew Lloyd Webber sells Palace Theatre in London’s West End to fund Palladium work

10:44 12 April 2012

Andrew Lloyd Webber has sold the Palace Theatre in London

Andrew Lloyd Webber has sold the Palace Theatre in London

PA Wire/Press Association Images

Andrew Lloyd Webber has sold the Palace Theatre in the heart of London’s West End so he can continue refurbishing the London Palladium, which he also owns.

The musical maestro said the Palace, in Shaftesbury Avenue, where he wrote large sections of his hit Phantom Of The Opera, had been his “home for nearly 40 years”.

The 64-year-old said he was selling the beloved venue to “secure a theatrical future” for the Palace.

He said: “I am proud that under my ownership the auditorium has been restored, the magnificent front of house that had been covered with army surplus paint was removed to reveal acres of Italian marble and the theatre that John Betjeman described as ‘the only theatre architecture... which climbs into the regions of a work of art’ was brought back to its former glory.

“First, and most importantly, I want to see a secure theatrical future for the Palace, as I do the other historic theatres that I own through Really Useful Theatres.”

The Palace has been sold to Nimax Theatres for an undisclosed sum.

Lord Lloyd-Webber said proceeds of the sale would go towards continuing work on the Palladium.

Latest Stories from SNAP.PA

A knot of very hardy Liverpool supporters will be travelling to Bulgaria this week to watch their team play Ludogorets. Welcome to Razgrad!

Read more

ScarJo (don’t tell her we called her that) turns 30 today. We wonder if she’ll be taking another trip to Disneyland?

Read more

How can football clubs be expected to act morally when the game is not being protected by the people at the top?

Read more

Promotions

Gamucci is a global leader and premier brand of electronic cigarettes

Gamucci has an electronic cigarette tailored for every need! We have a range of both disposable and rechargeable electronic cigarettes suitable for all adult smokers. And for a limited time we’re offering up to 40% off.

Money saving Christmas gifts to add to your shopping list!

It’s nearly time to go on the hunt for Christmas presents, stuck on what to get for your nearest and dearest? We’ve picked out a selection of great deals to get you started and to help you save some pennies!

Protesters have been warned they are banned from setting up camp at the landmark.

John Cantlie features in the new IS video, in which he talks about a recent failed military attack.

From Britain First’s Facebook posts, you would assume they’d won the Rochester by-election. They didn’t, but they’re claiming it anyway.

At 100 years old, this was Ruby Holt’s first visit to the beach – and the first time she saw the ocean.

Quirky London