Departments: Property

Grant Shapps
To ask the Chancellor of the Exchequer how much was received by the Department from the letting of its properties in each of the last five years.

John Healey
The income the Treasury has earned from sub-letting space in the 1 Horse Guards Road building is as follows:

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|Financial year|Letting income (£000)|
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|2006-07       |1,495                |
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|2005-06       |658                  |
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|2004-05       |415                  |
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|2003-04       |14                   |
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|2002-03       |0                    |
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Grant Shapps
To ask the Chancellor of the Exchequer what recent estimate has been made of the value of his Department’s property portfolio.

John Healey
The Treasury’s offices at 1 Horse Guards road were valued at £95.87 million as at 31 March 2006.