In a real estate deal worth £10 million, British star-architect Zaha Hadid has purchased the London Design Museum at Shad Thames, and she plans to turn it into an archive for her studio’s architecture. The London Design Museum will be moving to its new location at the Commonwealth Institute in west London, which is currently being renovated by John Pawson.
The London Design Museum has been open at Shad Thames for 24 years. This former banana warehouse will be handed over to Hadid in 2015 in one of the biggest transfers of museum property in recent history. The museum director believes the arrangement to be one of the best possible exchanges in ownership for the property, as Hadid will use the Design Museum building in a way that enriches the culture of London.
“The building will give an opportunity to consolidate our archive in a single location and also engage in a collective dialogue by exhibiting the research and innovation of global collaborations in art, architecture and design,” Hadid told UK weekly the Architects’ Journal.