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Nobel prize's new home revealed

Nobel prize's new home revealed

The Nobel Foundation has unveiled the winning design for a building that will give the world's most prestigious prize a home for the first time in its 114-year history.

The foundation hopes to inaugurate the 25,000 sq metre building in 2018, when it is expected to house nearly all its activities, including the Nobel prize ceremony and the Nobel museum. The building, with a 1.2bn kronor (£110m) budget, will be built in a historic district, surrounded by water and near some of the city's main museums and landmarks. It will gather all the foundation's activities, which are currently scattered around the city, except the Nobel banquet, which will remain in the city hall.

The Nobel Centre will also house a library, several conference rooms and educational space for school visits. The building, with a bronze, stone and glass facade, will attempt to reflect some of the Nobel aspirations, according to the winning architects. Two-thirds of the project's budget is already secured by private donations. The creation of a home for the Nobel prize has been discussed ever since the awards were first handed out in Stockholm in 1901.