Leicester Castle to be leased to DMU
Published on 14 December 2015
LEICESTER’S historic castle will be leased to De Montfort University in a deal that will see the building restored and opened up more regularly for the public.
City mayor Peter Soulsby has formally taken the decision to lease the building to De Montfort University (DMU) so that it can be used for a new business school.
The castle dates back to the 12th century and includes the Grade I-listed Great Hall. Under the plans, DMU will undertake a programme of improvement works, and will be responsible for future maintenance of the building.
There will also be public access to parts of the building and grounds.
City mayor Peter Soulsby said: “At the moment, Leicester Castle is only opened to the public on rare occasions, but this agreement will mean people will get more regular access to this historic building.
“Leicester Castle is a key part of the city’s heritage and I’m keen to see it opened up for people to enjoy. This is an excellent way of bringing the building back into regular use and capitalising on one of our city’s most important historical assets.”
Under the plans, DMU will rent the castle from the council on a 125-year lease. Rent will be set at market value, but there will be a rent-free period for the first 15 years to allow DMU to invest in improvements and restoration of the building.
DMU will invest in the region of £4.2million in the business school. Initial plans are for work to start in March next year.