Donmar Warehouse to buy Covent Garden property
As well as announcing Michael Grandage’s final season as artistic director, the Donmar Warehouse is also in the process of buying its own rehearsal, education and office space in Covent Garden.
This follows the purchase of the Donmar theatre site in 2008. The company will take sole possession of the venue in five years’ time when the current lease expires.
The Donmar does not have its own offices and rehearsal rooms at present and the purchase of the property, which is on a 112-year lease, “marks a significant step for the charity”, according to a statement.
The venue has set aside reserves over the past few years to fund the purchase, with revenue being generated from productions staged outside the Donmar itself. A fundraising campaign will be mounted in order to complete the plans.
A statement from the company said: “The Donmar board recently committed to the purchase of a building in Covent Garden to become its creative home. This will enable the company to continue to achieve all its artistic ambitions to the highest standards and also overcome many practical and financial constraints imposed by the present situation.”
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