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

Poor Sam, having to face not one Watson sister but two as he revealed ANOTHER girl had slept in his bed as he and Tiff were moving their relationship on. Essentially, can a guy share a bed with a girl who’s just a friend was tonight’s MiC debate. Things had been going so well between […]

Read more

#EdwinaMoment is now all about her latest vocal prowess.

Read more

Former playboy model criticised over her views on ‘living in a moment’.

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, some great discounts.

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!

Fears over growing extremist threat that is expected to continue for several years.

Once inside, one man held a seven-inch kitchen knife to a victim’s throat while another threatened a second victim with a knife.

His lawyers want the case against him in South Africa dropped.

It’s that time of year again, who do you think should win the Sports Personality of the Year award?

Quirky London