The Grade-I listed Wentworth Woodhouse in South Yorkshire has just been sold to the Wentworth Woodhouse Preservation Trust for £7m.
Stone King acted for the National Heritage Memorial Fund (NHMF) which has contributed a £3.5m grant towards the purchase of the Georgian mansion and gardens. The rest of the money has come from a range of institutional and private donors.
The firm’s commercial property team advised the charity on what was a complex property acquisition and has ensured that its funding is properly protected. Stone King’s charity team also worked on the deal to make sure that one of Britain’s grandest country houses is held in trust in perpetuity for the public benefit.
The stately home near Rotherham, which has 365 rooms, five miles of corridors and the longest facade of any country house in Europe, will now benefit from £42m of renovations over the next 20 years.
Hugh Pearce (pictured), who is head of the commercial property team at Stone King, said: “We are very proud to have played a central role in helping to secure the future of this magnificent Palladian house for future generations to enjoy.
“We’re delighted that Wentworth Woodhouse, thought to be the largest privately-owned house in Europe, will now benefit from a major restoration project that will restore the property to its former glory.”
*******
Media enquiries:
For further information please contact Léonie Spencer at Stone King LLP Email: LCS@stoneking.co.uk
_______________________________