Complex sentence: Close by is a statue of King George V, made of Portland stone; sculpted by Sir William Reid Dick and unveiled in 1947, it stands on a pedestal by Sir Giles Gilbert Scott and faces the Peers' Entrance of the Palace of Westminster.
Split into simpler sentences: Close by is a statue of King George V, made of Portland stone. Sculpted by Sir William Reid Dick and unveiled in 1947, it stands on a pedestal by Sir Giles Gilbert Scott and faces the Peers' Entrance of the Palace of Westminster.