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<p>The Cabinet Office sold the Freehold of 53 Parliament Street for £5.37m in March
2010.</p><p>The Government Property Unit, based in the Cabinet Office, has helped
the Government exit over 1500 buildings, including over 800 freehold properties, in
this Parliament. This has generated over £1.4 billion in receipts and achieved cumulative,
gross run rate savings of over £600 million per year against a 2009/10 baseline.</p><p>If
a previous Government had done more to dispose of unnecessary properties, the deficit
which we inherited in 2010 would have been less.</p><p> </p>
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