KINGSTON Prison is being sold to a family-run development company, The News can reveal.
City and Country, which specialises in the conversion of listed and historic buildings, has snapped up the historic Portsmouth site in a combined deal with Dorchester and Gloucester prisons.
The company, in Stansted, Essex, has exchanged contracts with the government and the sale will be finalised in February. The figure has not been revealed.
Decisions over what the company will do with the prisons have yet to be made as consultations will be carried out with the public to seek their views in the new year.
Helen Moore, managing director for City and Country, said: ‘Kingston Prison is a beautiful building.
‘While most people have only seen it from the outside, when you go beyond the walls it’s a beautiful building and you see it has real potential.
‘We will look at all the options, whether that be residential, a hotel, or commercial.
‘We will consult on the options with the local community and then once we have analysed them we will put forward a planning application.’