Hogan Lovells has acted for The Courtauld Institute of Art on a new lease of its premises at Somerset House, enabling its ambitious Courtauld Connects project to go ahead
Hogan Lovells acted for The Courtauld Institute of Art on the restructuring of their leasehold interest in Somerset House in The Strand. The Courtauld has taken a 72 year lease of the North Block from Somerset House Trust to enable it to deliver its visionary project Courtauld Connects which will create modern, accessible and purpose-built facilities to allow students, academics, conservators and curators to operate at the top of their fields and unlock new opportunities for wider audiences to engage with The Courtauld's scholarship and collections. With the support of a National Lottery Heritage Fund grant and private donations, The Courtauld hopes to have completed its major refurbishment within five years.
Former Chair of Hogan Lovells, Nicholas Cheffings, and Real Estate Counsel, Stella Bliss, acted for The Courtauld.
Commenting, Nicholas Cheffings said: "This was a challenging mandate but a hugely satisfying one to complete for a great client. It is a bold and exciting project designed to make The Courtauld fit for the future. In a time of enormous economic and political uncertainty, that is what we all need to be focussing upon. It is heartening to see confidence in investment into the arts and education and the iconic institutions of London."
Professor Deborah Swallow, Märit Rausing Director of The Courtauld commented: "Courtauld Connects is a bold vision, which we are delivering with a committed and experienced team. Hogan Lovells has been a key trusted advisor in enabling us to commence this project, and their team have been an integral part of ours throughout the process. It gave us great confidence to have them alongside us as we seek to bring our exciting plans to fruition."
Ann Minogue Senior Consultant at Macfarlanes is acting for The Courtauld on the construction contracts for Courtauld Connects.
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