§ Mr. BanksTo ask the Secretary of State for Transport, Local Government and the Regions what amount is outstanding from the sale of County hall, London SE1 to the Shiryam group; how long it has been outstanding; if interest is being charged, and when the balance will be paid in full. [11199]
§ Dr. WhiteheadThe contract for the sale of County hall provided for a deferred sum of £10 million to be paid to the London residuary body from April 1996, subject to the full sum being paid by 2012. Following the winding up of the London residuary body on 29 March 1996, the London borough of Bromley inherited the remaining rights and liabilities in respect of County hall, including those in relation to the payment of this sum. I understand that, in line with the contractual terms, no interest is due and no amount has yet been paid to Bromley.