To ask the Secretary of State for Business, Enterprise and Regulatory Reform what estimate was made of the (a) value and (b) area of the Temperance Hospital site in Camden when his Department sought approval from HM Treasury for its purchase for the National Institute for Medical Research; and if he will make a statement. (143111)

I have been asked to reply.

The National Institute for Medical Research (NIMR) is a wholly owned institute of the Medical Research Council (MRC). The MRC sought professional advice on the valuation of the National Temperance Hospital (NTH) site. This advised that the valuation of the site was in the range £12 million to £42 million, with a figure between the two extremes being more realistic. The area of the NTH site is 0.9 acres.