LONDON – A warren of tunnels beneath central London, once used by the spies who inspired the creation of James Bond, has been bought by a fund manager with a £220 million plan to turn them into a tourist attraction “as iconic as the London Eye”.
He hopes to strike deals with such Hollywood studios as Harry Potter-series maker Warner Bros. Discovery and Amazon.com Inc, which now owns the rights to James Bond. The ISRB was, in fact, a cover name for the Special Operations Executive , an espionage organisation that is sometimes called “Churchill’s Secret Army”.
SOE equipment was removed from the tunnels on VE Day in 1945, BT says. The tunnels were used as a secure “reserve war room”, to store 400 tons of highly sensitive documents. They later hosted the secure hotline that connected the presidents of the US and Soviet Union during the Cold War. Mr Murray says he’s secured commitments from investors for that work. The tunnels will then need fitting out with modern amenities and a shell that meets health and safety approvals.
Immersive experiences and screen-based attractions like Las Vegas’s new Sphere have become more popular as technology has improved. In 2011, his fund Castlestone faced a raid by British regulators in the wake of the 2008 financial crash. Mr Murray shut Castlestone’s British and Irish operations shortly after that probe; he says they had become uneconomical.
Development decisions in the UK are in the hands of local councils. Residents are invited to share their views before voting on applications takes place, a process that can choke ambitious commercial projects.
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