The Old Admiralty Building is important for the government as a large and strategically placed freehold asset. The Department is undertaking the renovation and refurbishment on behalf of the government. The Department will take occupation of the building, following the refurbishment programme. By renovating and upgrading the building, we are maximising the value of this important heritage asset and providing a good home for the department. The cost to date, including refurbishment and consultancy fees is £48.34m.