Art dealers Messum’s have committed their future to London’s embattled Cork Street by acquiring a new gallery just down the road from their current premises.
Although the road is beset with two
development plans affecting half of the street's 22 art galleries,
David Messum told ATG last week that he had signed an agreement to
purchase 28 Cork Street, currently an exhibition gallery run by the
company Premier Art Spaces.
Mr Messum plans to continue running
the premises as an exhibition space available for hire at least
until the fate of his current gallery at 8 Cork Street is resolved.
The plans by Pollen Estates to redevelop the buildings at 5-9 Cork
Street, which also encompasses four other dealers, means his lease
will be terminated in January 2015.
However, the British art specialist
remains hopeful of negotiating a space in the new plot since the
planning application states that the developed retail units should
only be let "for the purposes of Art Gallery/ Antique
Gallery/Shop". Concerns remain, though, about whether the new
accommodation will be available at rents that art dealers already
resident in Cork Street will be able to afford.