Department for Education: Buildings
(asked on 4th February 2019) - View Source
Question to the Department for Education:
To ask the Secretary of State for Education, what the cost of extending his Department's lease on Sanctuary Buildings was.
This question was answered on 7th February 2019
The gross rent (excluding income from tenants) for Sanctuary Buildings is £12.125 million per annum over a 15-year period (excluding VAT), subject to rent reviews every five years. The department secured savings and incentives from the landlord totalling £66 million.
We continue to keep the estate under review, including options for consolidating operations and driving up income from tenants.