Construction

Cost

The benefits of the new Town Hall continue to far outweigh the cost compared to our previous arrangement at Mulberry Place.

The latest calculations on running cost show that it will save the public purse around £1m a year. The council’s former Town Hall in East India cost £5m a year to rent. For example, in the seven years it took to do the project, the council would have spent £35m on rent at Mulberry Place without owning an asset.

The council has also bought and restored an asset which it will own for the long-term benefit of the borough. The building also offers an opportunity for partners to move in to help agencies join up work and be a place where residents can get things done. For example, both Tower Hamlets Homes and the Clinical Commissioning Group are moving in this year.

The renovation, restoration and extension has cost £124.7m, increasing from the initial £114.5m budgets due to factors including the rise in costs of building materials, the impact of Covid and the complexities of bringing back into community use a Grade II listed building from the 18th century.

Early stages of construction

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