MoJ seeks expressions of interest for Holloway prison
Thursday, 27 July 2017
Share this story:
Acting on behalf of the Ministry of Justice (MoJ), GVA has announced that the marketing of Holloway prison will begin in Autumn 2017. The MoJ is currently preparing the property for disposal, and is seeking initial expressions of interest from the market as a first stage of the process.
Holloway prison offers a unique development opportunity (subject to planning). Proceeds from sale of the site will contribute to the MoJ's prison reform programme which will provide significant investment in modern, purpose-built prison facilities.
Following the decision to close the 10 acre Prison site, the London Borough of Islington is preparing a Planning and Development Brief for the site. The current intention is that this will be adopted as a Supplementary Planning Document (SPD) in the Autumn of this year and will also inform the Council's updated local plan due to be adopted in 2019.
GVA is working with the MoJ to contribute to the preparation of the SPD which seeks to ensure that the site delivers the best possible development potential, within Borough and-London wide planning policies, and the MoJ's Prison Reform Programme.
Tom Marshall, Senior Director from GVA comments "This development opportunity is likely to be one of the most significant in the London market this year. The Ministry of Justice is committed to updating prison facilities and disposals such as this of a former prison will enable them to reinvest in secure and safe new facilities."
Prisons Minister Sam Gyimah said: "We are continuing to transform our prison estate to close old and ineffective prisons and create up to 10,000 new places through a £1.3 billion investment. As part of these vital reforms, we are working with the local council on the sale of the Holloway prison site and, as always, will seek best value for the taxpayer. We are committed to transforming all prisons to ensure they are safe, secure and able to transform the lives of those in custody."
To express your interest, please visit hollowayprison.com