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The Cabinet Office sold the Freehold of 53 Parliament Street for £5.37m in March 2010.<\/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>
If a previous Government had done more to dispose of unnecessary properties, the deficit which we inherited in 2010 would have been less.<\/p>
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