Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, what receipts the New Covent Garden Market Authority has received from the sale of land in the last five years; who bought the land in each such case; and for what purpose the land was sold in each such case.

There has been no sale of land by CGMA in the last five years.

However, as part of the development of the new Northern Line extension, London Underground Limited has occupied CGMA’s former office building, Covent House, under a Transport and Works order which allows them to do so on a temporary basis. CGMA has entered into a Transport and Works Agreement with London Underground Limited, conditional on the issue of a general vesting declaration to effect the sale of the land to London Underground Limited. It is anticipated this will complete in August 2015. CGMA will receive £10.4m for the sale of Covent House and the full amount will subsequently be transferred to Defra.