Parliamentary Estate:Written question - HL17100

Q
Asked by Lord Adonis
Asked on: 11 July 2019
The Senior Deputy Speaker
Parliamentary Estate
Lords
To ask the Senior Deputy Speaker what is the current total value of the Parliamentary Estate, excluding the Palace of Westminster, broken down by each building.
A
Answered by: Baroness Doocey
Answered on: 24 July 2019

The Senior Deputy Speaker has asked me, as Chair of the Finance Committee, to respond on his behalf. Excluding the Palace of Westminster, the buildings for which the House of Lords has responsibility, and their values, are as follows:

  • 1-2 Millbank - £51.2m

  • 5 Great College Street - £23.8m

  • Fielden House - £9.7m

  • 7 Old Palace Yard - £5.8m

The valuation date is 31 March 2019 and was conducted by the Valuation Office Agency. In addition to the above the House of Lords has one residential property which is currently in the process of being sold.

The Visitor Reception Building, separate from the Palace of Westminster, is shared with the House of Commons – as at 31 March 2019 the valuation of the House of Lords’ share (40%) was £6m.

Details of the buildings for which the House of Commons are responsible can be found on page 116 in their annual report and accounts which are available here: https://www.parliament.uk/documents/commons-expenditure/Admin%20Annual%20Accounts/Administration_Annual_Report_and_Accounts_2018_19.pdf.

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