HL Deb 07 March 2000 vol 610 cc134-5WA
Baroness Anelay of St Johns

asked Her Majesty's Government:

What are the terms under which British Gas (BG) sold the site of the Millennium Dome with reference to the amount that will be paid to BG when the site is resold. [HL1165]

Lord Whitty

English Partnerships paid British Gas the sum of £20 million for British Gas's property interests in the Greenwich Peninsula. Under the terms of the sale, British Gas will receive 7.5 per cent of all sale proceeds from the disposal of parts of the site, including the land on which the Millennium Dome sits.