Written question asked by Lord Stratford (Labour) on Thursday, 25 October 2001, in the House of Commons. It was due for an answer on Monday, 5 November 2001. It was answered by Lord Whitehead (Labour) on Monday, 5 November 2001 on behalf of the Department for Transport, Local Government and the Regions.

Dept for Transport Local Government and the Regions

Question: To 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. - Includes figure.

Answer: Mr. Banks: To 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. Whitehead: The 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.

Secondary information

Type: Written question
Reference: 11199; 374 c12W
Session: 2001-02
Subjects: Contracts Finance Interest payments Property transfer Sales County Hall London Residuary Body Shirayama Group Bromley Council
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk