Conservative profit on freehold purchase

Wednesday 19 January 1994 00:02 GMT

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The Tory party benefited from buying the freehold of its Smith Square headqarters from Westminster council in the early 1980s, it was confirmed last night. The party made a profit estimated at more than pounds 2m when it resold to Royal Insurance a year later. The party said that a report of the freehold deal was 'ancient history' and was unable to confirm a report in the Daily Mirror today that it had been bought for pounds 1,325,000 and resold at pounds 3,750,000.

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Conservative profit on freehold purchase

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