The UK government is selling the long leasehold interest in the Admiralty Arch in London, an historic office building on Trafalgar Square. Savills has been appointed to sell the 13,685-square-metre building, which is currently in use as administrative offices.

Robert Seabrook, director of Savills, says, “This is a world-famous historic property in a prime central London location and will be of substantial interest to a wide range of organisations and investors.”

The building was commissioned by King Edward VII to commemorate the reign of Queen Victoria. The 100-year-old building was designed by architect Sir Aston Webb and originally housed the offices and residence of the First Sea Lord. The arches in the centre of the building provide an entrance to The Mall, the avenue that leads to Buckingham Palace.

According to a statement from Savills, with the sale of the leasehold, “the object