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Departmental Property

Volume 496: debated on Wednesday 9 September 2009

To ask the Secretary of State for Communities and Local Government what Crown Estate properties his Department owns; and what the (a) most recent assessed market and (b) book value is of each such property. (290941)

I refer to the Department for Communities and Local Government Resources Accounts 2008-09 (for year ended 31 March 2009) available on the website

http://www.communities.gov.uk/documents/corporate/pdf/1299006.pdf

As at 31 March 2009 the following properties were revalued professionally in accordance with RICS Valuations Standards, by ATISReal Limited—Chartered Surveyors and International Real Estates Consultants.

Queen Elizabeth II Conference Centre, Broad Sanctuary, London was valued during March 2009 by ATISReal. The total valuation was reported at £25,000,000 but with a value of £21,500,000 in the Department’s books because of a trading fund outside interest in the property.

Burlington House, Piccadilly, London was valued during March 2009 by ATISReal, at £250,000. Due to the Department’s reversionary interest in the property a detailed reinspection was not carried out for the 2009 report.

Fire Experimental Unit Offices and Stores, (on the Fire Service College site) Moreton in Marsh, Gloucestershire was valued during March 2009 by ATISReal. The total valuation was reported at £1,700,000.

Hanger97, Little Rissington, Gloucestershire was valued during March 2009 by ATISReal Chartered Surveyors. The total valuation was reported at £700,000.