Posted on 01/12/2018 11:58:48 PM PST by Oshkalaboomboom
President Donald Trump's claim that the US Embassy in London was ‘sold for peanuts’ appears to have been vindicated after documents reveal that it went for just £315m ($431m) - far below the £500 million ($687 million) experts estimated.
When it was sold five years ago property experts said that the market value of the deal was £500m ($680m) and it was thought that this was the sum achieved.
The President claimed just before midnight on Thursday in Washington D..C. on Twitter that the reason he cancelled his trip to London to open the new embassy is because 'the Obama Administration sold perhaps the best located and finest embassy in London for "peanuts," only to build a new one in an off location for 1.2 billion dollars. Bad deal.'
The daily Mail had first revealed that he was not going, a few hours earlier.
Now official Land Registry records reviewed by MailOnline reveal that the 999-year lease of the land was actually sold for almost £200m ($274 million) less than expected.
The documents also show that the deal was finalized under Barack Obama's administration, although it was the Bush White House which had started the move and sale. It is unknown if the amount had been settled before Obama came to power.
(Excerpt) Read more at dailymail.co.uk ...
YES, but how much did they buyers have to pay 0bama and the clinton foundation for the privilege of buying it?
Wanna bet the difference was made up with a kickback to Soetoro’s wallet?
In the USA. Overseas, for State Department it is the Overseas Building Operations, OBO.
https://overseasbuildings.state.gov/about
Lack of set back from the street at that location. They moved, partly, for security reasons.
https://overseasbuildings.state.gov/sites/admin-overseasbuildings.state.gov/files/pdfs/security.pdf
Looks like about a ten minute ride upriver by water taxi from Westminster, so not too bad. I don't know what the impetus was to relocate in the first place, but perhaps this new site is better able to be firmly secured.
I saw that power plant on a bus ride from Portsmouth to London. After the Pink Floyd album came out it became a tourist attraction so the driver made sure to let us know about it.
This is a slap in the face by the Brits, to relocate the American embassy where it’s in a premium location and sell off at a discount to the Saudis.
NOT a handy one, for American tourists.
Our Embassies, all over the world, are there to help American tourists; it's part of the job!
Read the article...this had less than NOTHING at all to do with the Brits and it was sold to Qatari Royals, NOT to Saudis!
“Read the article...this had less than NOTHING at all to do with the Brits and it was sold to Qatari Royals, NOT to Saudis!”
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Sometimes I wonder why we bother with allowing access to entire articles at all. ( Sigh)
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But I also wonder WHY so few people actually read the articles, prior to posting. It didn't used to be this way...posters actually used to read the article and THEN posted.
I still always read the article first and I bet that you do too.
London Embassy Sale
who benefited?
“I still always read the article first and I bet that you do too. “
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Yes,I do.
I tend to read more here than post,although sometimes I DO get carried away.
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In 2009 the Embassy Chancery Building was declared a Grade II Listed Historical Site. As such the building cannot be demolished, expanded, or altered significantly without advanced approval from the local planning commission.
LOL...we have a lot in common. ;-)
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