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City Hall: Finance

Volume 464: debated on Friday 19 October 2007

To ask the Secretary of State for Communities and Local Government what the Government Office for London’s estimate was of the total cost to the public purse of the Greater London Authority’s City Hall over the duration of the 25 year lease, based on the final contract signed by her Department’s predecessor. (157690)

In January 2000, the then Secretary of State for Environment, Transport and the Regions signed an agreement with the developers of More London for the procurement of the City Hall as the headquarters of the Greater London Authority. This agreement set out the annual rent payable for City Hall, which amounts to a total of £171.2 million over the 25 year lease—£6.5 million a year on average.