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Property Portfolio

Volume 403: debated on Monday 14 April 2003

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To ask the Secretary of State for International Development what the estimated value is of the Property Portfolio held by her Department. [108365]

The general practice in my Department is to rent office accommodation. The only owned property in UK is our East Kilbride office, Abercrombie House. This is 23-years-old and was valued at £3 million in 2002. It is presently undergoing refurbishment following which, Government Appointed Valuers anticipated the potential value would be between £14 and £16 million.