REVEALED: American embassy in London really WAS sold for ‘peanuts’. (tr)
Daily Mail ^ | Jan 12, 2018 | Sara Malm
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 …
It’s tough to out-Trump Trump when it comes to real estate.
I bet Hillary was right in the middle of this
Has it been converted to a moslem house of cultism yet ???
…..how much kick back did Odungo get
in this “deal”?
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