To ask the Minister of State, Department for Business, Innovation and Skills what the estimated monetary value was of One North East’s share in the assets of the North East Property Partnership on 1 April in each year from 2004 to 2009; how much income was received by One North East from the partnership in 2008-09; and how much it is estimated will be received in 2009-10. (312815)

[holding answer 25 January 2010]: The value of One North East’s share in the assets of the North East Property Partnership (NEPP), including the Loan Notes receivable by the Agency were, on 1 April in each year, as follows:

NEPP was created 1 April 2004. The first set of accounts was therefore for the year ending 31 March 2005.

ONE received £8.4 million income from the partnership in 2008-09.

The estimated income to be received in 2009-10 is £11 million.

To ask the Minister of State, Department for Business, Innovation and Skills how many units were in the portfolio which One North East transferred to the North East Property partnership on 1 April 2004; what the average rent roll was of those units; and what the total area was of those units. (312816)

[holding answer 25 January 2010]: The information requested is as follows:

The number of units in the portfolio was—883.

The average rent roll per unit is—£12,774.

The total area of the units is—384,110 m².