Letter to the Clerk of the Committee from
the Head of the Parliamentary Relations and Devolution Team, FCO,
24 October 2006
Dear Steve,
Chris Stanton's letter of 13 July 2006 enclosed
a list of properties sold by the FCO in the last quarter of the
Financial Year 2005-06, and purchases in that year. I enclose
a further report listing the properties sold in the first quarter
of the Financial Year 2006-07; there were no purchases.
As with previous tables, the figures shown are
the gross sales proceeds. Transaction costs will vary, but can
be expected to average 6-8%—though they were significantly
lower in the case of the Bangkok sale.
None of the properties sold in the quarter was
the Residence of a Head of Mission. The properties in Montreal
and Rio de Janeiro were, however, Consul Generals' Residences.
The Kampala sale reflects the fact that we recently moved into
a new High Commission building. The Asuncion sale follows from
the changes to the FCO overseas network announced in the House
by the Foreign Secretary in 2004.
Richard Cooke
Parliamentary Relation and Devolution Team
FCO PROPERTY SALES FOR THE PERIOD 1 APRIL
TO 30 JUNE 2006
|
Post |
Type of Property
| Gross Sales
Receipts £ |
| 10 April 2006 | Montreal |
Residence | 693,000 |
| 11 April 2006 | Wellington |
Residential | 124,000 |
| 27 April 2006 | Wellington |
Residential | 105,000 |
| 15 May 2006 | Bangkok | Compound
| 49,927,000 |
| 19 May 2006 | Kampala | Office
| 2,106,000 |
| 12 June 2006 | Ottawa | Residential
| 129,000 |
| 14 June 2006 | Asuncion |
Office | 106,000a |
| 21 June 2006 | Stanley |
Residential | 90,000 |
| 26 June 2006 | Rio de Janeiro
| Residence | 264,000 |
| 30 June 2006 | Stockholm |
Residential | 386,000 |
| Gross Sale Proceeds:
| 53,930,000 |
| a Figure represents 55% deposit received—the balance is due later in the financial year.
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