In 2016, then BADA chief executive Marco Forgione said the building “will generate a significant return”. However, since Covid the investment has been problematic.
In a statement sent to ATG BADA said: “As we emerge from the pandemic into a drastically different landscape, BADA is reviewing its long-term strategies to better serve its membership. As part of that process, several options are under consideration, including the possibility of liquidating an asset to achieve ambitions for further growth and development.
“The post-pandemic shift in working patterns has heavily decreased the demand for leased commercial spaces and the significant expenditure required to bring the building in line with incoming legislation have been factors in the Council’s consideration of this option.”
The property is currently listed for sale with a London estate agent.