HC Deb 21 June 1995 vol 262 cc311-2W
Mr. Donohoe

To ask the President of the Board of Trade how much it has cost to renovate his Department's building at 1 Victoria street, London. [28945]

Mr. Heseltine

[holding answer 19 June 1995]: The Department of Trade and Industry does not own 1 Victoria street. The building was vacated in 1991 after condition surveys had shown substantial deterioration of mechanical and electrical services. The landlord, Legal and General Property, subsequently agreed to commit £59 million—net of VAT—to bring the building up to modern standards, in exchange for a new 25-year lease on commercial terms. DTI will finance the balance of the project costs which are expected to be up to £2.4 million.