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.

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest London news

Tuesday, May 3, 2016
Shaydon Robson is 12 and was last seen on Bethune Road in Stoke Newington (Photo: Metropolitan Police)

Police are searching for a young boy who has gone missing from Hackney.

What is this?

Near You Now

Don't Miss...

Competitions

Kindle 7 inch tablet

Are you looking for a brand new gadget to help you stay connected on the go and make that long journey home a bit more entertaining? Look no further. MyOffers is giving you the chance to win 1 of 50 Kindle Fire 7” Display Tablets! That’s 50 times more chances to win, so hurry up and enter our competition today and you could be one of our lucky winners!

Read more
Yummy traditional afternoon teas for two

MyOffers is giving you the chance to win 1 of 50 Traditional Afternoon Teas for two at a location of your choice! That’s 50 times more chances to win, so hurry up and enter our competition today and you could be one of our lucky winners!

Read more

Latest Tech News

Transport