Firoka (Heythrop Park) Ltd has been named as the preferred investment partner for the redevelopment of Alexandra Palace. Firoka was one of two shortlisted bidders still in the running after a first round evaluation in November last year whittled down the original thirteen expressions of interest. “The plans of both bidders were a positive opportunity to restore the Palace building and its place in the hearts of the local community,” says Alexandra Palace’s general manager, Keith Holder. “I would like to thank them both for the care and effort they put in to the competition and am delighted we are close to securing the future of the Palace.” Meanwhile, Firoka’s Firoz Kassam expresses his delight with the appointment. “We are delighted to have been selected as preferred bidder, this is a major undertaking and we are looking forward to working with the trustees of the charity and the local community. We will be making further press statements in due course.”
