The government is embarking on a major private property acquisition drive for Michael Gove’s free schools programme.
The Department for Education has allocated £5bn to spend on new school places in the UK during this parliament and a further £2bn up to 2017.
This week two London properties were bought from private landlords for school projects.
The 44,000 sq ft Steel House, SW1, was sold by Aidan Brooks’ Tribeca House to the DfE for £45m – a 4% yield. It will become a Harris Westminster Sixth Form when current tenant the Ministry of Justice consolidates into its existing