This lovely complex of buildings in Great Britain used to be a headquarters building for the Royal Navy. It has now been converted into flats. The Financial Times was reporting on this as if it were news, but this type of thing has been going on for quite a while. It's official title is adaptive re-use and while I think it is a grand idea I have never seen statistics on what ratio of new housing stock is created as a result of this. My guess is that it is a rather small percentage.
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