£7m stately home deal for Stone King’s Bath commercial property and charity teams

April 3, 2017
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The Bath office of law firm Stone King has advised on a multi-million pound property deal that secures the future of Wentworth Woodhouse, the country’s largest stately home.

The Grade-I listed Georgian mansion and gardens in South Yorkshire, pictured, have been sold to the Wentworth Woodhouse Preservation Trust for £7m, with Stone King acting for the National Heritage Memorial Fund (NHMF), which has contributed a £3.5m grant towards the deal.

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.

Stone King commercial property team head Hugh Pearce, pictured, 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.”

 

 

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