HC Deb 16 January 2003 vol 397 c709W
Mr. Laws

To ask the Secretary of State for Wales if he will list the assets of the Welsh Office valued at more than £50,000, identifying in each case(a) the nature of the asset, (b) the latest estimated value of the asset and (c) the rationale for possession of the asset; and if he will make a statement. [89952]

Peter Hain

  1. (a) Land and Buildings, that is, Gwydyr House in Whitehall, London SW1;
  2. (b) £1,7 million; and
  3. (c) it is the London headquarters of my Department and the location of my London office.

Freehold Land and Buildings were valued on 31 March 2000 on the basis of open market value for existing use in accordance with the "Appraisal and Valuation Manual" produced jointly by the Royal Institute of Chartered Surveyors, the Incorporated Society of Valuers and Auctioneers and the Institute of Revenues Rating and Valuation. The valuation has been adjusted to its level at 31 March 2002 in accordance with accounting conventions.