Rules restaurant building gifted to National Trust
The freehold of 34-35 Maiden Lane, home to London's oldest restaurant, has been donated for £11 million.
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The freehold of 34-35 Maiden Lane, the site of London's oldest restaurant, Rules, has been donated to the National Trust. The gift, valued at £11 million, secures the future of the Covent Garden building, which has operated as a restaurant since 1798.
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Under the terms of the donation, Rules will continue to trade as a commercial tenant of the National Trust. The rent generated from the restaurant's ongoing business operations will be directed towards the conservation and maintenance of the historic property. This arrangement ensures the building's fabric and its continued use as a restaurant are preserved for future generations.
The National Trust described the property as an "outstanding piece of living history," noting its significance through wars and periods of upheaval. Hilary McGrady, director-general of the National Trust, stated that the gift ensures the venue's future "measured not in years but generations." The building has hosted numerous notable figures over its history, including Charles Dickens, Charlie Chaplin, Edward VII, David Bowie, and Madonna.
J-P Mayhew, the former owner of the building for 40 years, expressed his gratitude to the National Trust for agreeing to protect the site. He highlighted the restaurant's endurance through various challenges, including redevelopment plans and the Blitz. Mayhew stated that the trust's commitment would safeguard the building's structure, its interior, and its unique atmosphere.
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Ricky McMenemy, the proprietor of Rules who has worked at the establishment for 35 years, welcomed the donation. He indicated that the arrangement provides security and peace of mind for the business, ensuring its home is well-protected. The National Trust currently cares for 39 historic pubs, but Rules will be the first historic restaurant still in operation to be under the charity's stewardship.
Questions this report answers
+What has happened to the building housing Rules restaurant?
The freehold of 34-35 Maiden Lane, home to Rules, London's oldest restaurant, has been donated to the National Trust for £11 million. This gift ensures the long-term protection and preservation of the historic Covent Garden building.
+Will Rules restaurant continue to operate?
Yes, Rules will continue to operate as a commercial tenant of the National Trust. The rent paid by the restaurant will be used by the National Trust to fund conservation work on the building.
+How long has Rules restaurant been at this location?
Rules restaurant has been located at 34-35 Maiden Lane in Covent Garden since it first opened in 1798. It is recognised as London's oldest restaurant, having operated continuously for over two centuries.
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