In October 2012, the winning bidder was reported to be Spanish real estate developer Rafael Serrano, who planned to turn the property into a luxury hotel.
It was located in Admiralty Arch, part of the Cabinet Office's buildings in Whitehall and employed around thirty staff.
The completion of the Admiralty Arch over the Mall afforded accommodation, long desired, for the reorganisation of the Library, and for this arduous work Perrin was just the man.
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