Waterloo Station

Transport written question – answered at on 5 April 2011.

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Photo of Maria Eagle Maria Eagle Shadow Secretary of State for Transport

To ask the Secretary of State for Transport what recent estimate has been made of the book value of Waterloo International railway terminal.

Photo of Theresa Villiers Theresa Villiers The Minister of State, Department for Transport

The former Eurostar facility at Waterloo is owned and managed by BRB (Residuary) Ltd (BRBR) on behalf of the Department for Transport. The latest valuation was carried out as at 31 December 2009 and is included in BRBR's 2009-10 annual report and accounts. These show that the book value of the facility at that date was £3.2 million. This valuation is split into four parts as follows;

Freehold station valued at £35.7 million

Leasehold concourse valued at £1.0 million

Leased coach park valued at £0.3 million

Leased arches beneath domestic station valued at negative £33.8 million

The commercial value of these assets is likely to exceed the book value.

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