Excel Freehold

MQT on 2015-01-21
Session date: 
January 21, 2015
Question By: 
John Biggs
Labour Group
Asked Of: 
The Mayor


City Hall inherited freehold ownership of the Excel Centre. What rate of return do Londoners get from this site? Given that this is now a well-functioning facility, is this the most obvious use of Londoners' resources?


Answer for Excel Freehold

Answer for Excel Freehold

Answered By: 
The Mayor

The ExCel Centre generates a substantial amount of rental income for the GLA and we believe that there are good prospects of this rising over the next few years. This income assists in allowing the GLA to bring other sites to the market to generate homes, jobs and economic growth for Londoners.