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What happened to Queen Victoria, The War Memorial and the Flag Pole and what was the financial bottom line on the deal for the FCO one asks?
Since the British Embassy in Bangkok sold off in May 2006 less than four acres "of the noisiest most polluted and least used" part of the 13-acre Embassy grounds and raked in £50 million from Central Group the redevelopment of the site has been completed and Embassy staff now accommodated in new purpose built flats within the Compound. The redevelopment also included recreational facilities, re-modeling of the embassy offices and security work.
It is understood acceptance of the purpose built accommodation was delayed due to shortcomings with the electrics.
About 11 million of the proceeds were earmarked to fund redevelopment of the remainder of the compound, including new staff accommodation.
It would be interesting to know the details of the overall financial outcome of this exercise which was undertaken to free up funds for other developments elsewhere in the world by the poor old FCO.
A dicky bird whispered in our ear that there may have been a codicil in place between the Embassy and the Nai Lert family to the effect that any profit realized on the future sale of any land reverted to the Nai Lert family so how come the FCO are/were able to utilize any profit or was the codicil been graciously waved perhaps.
Perhaps the FCO could comment regarding the existence of a codicil as well as the financial outcome of this exercise.
The War Memorial and statue of Queen Victoria have been relocated within the compound near the Residence but alas no flag pole.
Happened on June 03, 2009
Location: Asia: Thailand: Bangkok
Listed on June 05, 2009 03:54:07 AM
Last updated on March 14, 2010 12:33:43 AM
Submitted by Kanga
Sale of British Embassy Land Bangkok #1
A Statue of Queen Victoria outside the British Embassy in Bangkok Image source unknown Image not for Re-sale
ID_14593