By: Chris Ann – 24:10: 2019
The growing service and leisure company Gainford Group has added one of Newcastle’s most important buildings to its portfolio.
Newcastle’s Moot Hall, which was built in 1812, was used as the Crown Court of Newcastle and was recently used to host weddings, conferences and seminars.
The Grade I listed property – classified as an ancient monument within Newcastle’s central conservation area – was put up for sale at the start of the year by the owners HM Courts and Tribunal Service .
Now the three-story building of 15,870 square feet, which comes with underground cells and courtrooms, has been acquired by Durham Gainford Group, the county’s assistance, leisure and real estate company, for an undisclosed sum.
Gainford Group already owns and operates a broad portfolio of properties throughout Newcastle, including the nearby Vermont Hotel and the nearby County Hotel. He said that Moot Hall “will improve its existing operations and portfolio”.
Part of the conditions of sale was that the building would remain available to the judicial service until 2022. This means that the building will continue in its current function, as a courtroom and venue for weddings and conferences, in the short term .
In addition to Moot Hall, the Gainford Group now has six hotels across the UK, six restaurants, bars and nightclubs, 14 assistance facilities and a range of children’s nurseries.
Gainford recently purchased the New Bridge Street Hotel site, formerly run by Premier Inn, which claims it will turn into Newcastle’s most luxurious hotel and create a new gateway to the city center.
Imran Khaliq, director of the Gainford group, said: “The Moot Hall is a building that we know very well, being so close to Vermont, and it is indeed an iconic and unique piece in the history of Newcastle. We are very pleased to become its owner and to incorporate it into the Gainford group to improve our existing operations.
“This acquisition marks another significant investment for us in the North East and adds another highly sought after property to our portfolio. We continue to grow strongly in all aspects of the group and this is the last very exciting development for us. “
Moot Hall was originally designed by John Stokoe to replace the judicial structures of the nearby Castle, which had been condemned at the beginning of the 19th century.
Newcastle’s historic Moot Hall is for sale
The room was built on the site of the Roman fort Pons Aelius and during the construction of the building copper coins and two Roman altars were discovered.
Over the past 200 years, numerous emblematic cases have been conducted in his courts, including an investigation into the maritime disaster of the SS Ina Mactavish and the first trial of child killer Robert Black in 1994.
The Sintons law firm is a long-standing legal advisor of the Gainford Group, with corporate partner Christopher Welch and real estate partner Alok Loomba who support the business with its strategy of expansion and acquisition of the current property. Loomba was supported by real estate partner Chris Jackson.
Loomba said: “Gainford is an extremely ambitious and successful company and is the owner and developer of very important properties in Newcastle and beyond, with a series of important additions to the city center in recent months, including the New Bridge Street Hotel and County Hotel, along with the creation of separate Vermont and county apartments.
“The Moot Hall is a fantastic addition to their wallet and sees the business become custodians of this beautiful and historic building, which has such a strong heritage in Newcastle. We are very pleased to support the group in their continued expansion and to have completed the acquisition of the iconic Moot Hall. “
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