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The building that houses the London Children’s Museum is changing hands.

Museum officials announced Monday morning that the building on Wharncliffe Rd. has been sold to Fahri Holdings.

It’s being called the first major step in the Museum’s plan to relocate to a new building.

“This milestone in our journey brings us one step closer to a new building that better aligns with the needs of today’s children and families,” said Carol Johnston, Honourary Chair of the Board of Directors and founder of the Children’s Museum. “In the meantime, it’s business as usual, we are open and continue to offer wonderful opportunities for families to visit the Children’s Museum, making memories together.”

Fahri will lease the building back to the museum, allowing it to stay open while it searches for a new home.