UK’s iconic Bangkok embassy sold for £420 million

UK’s iconic Bangkok embassy sold for £420 million

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In its largest ever sale of Foreign Office property, the UK government announced last month that it had sold its iconic Bangkok embassy for £420 million.

Nestled inside the heart of Bangkok, the sales of the UK Embassy is part of government plans to raise money to renovate other embassies around the world. The building was sold to a joint-venture consortium of Hongkong Land, a member of the Jardine Matheson Group and Central Group.

Foreign Secretary Boris Johnson welcome the news, saying: “Britain is a leading player on the global stage and I’m determined to ensure that our diplomats have all the necessary tools to do their job effectively.

“This includes working in modern, safe, fit for purpose premises not just in Bangkok but around the world. Our workforce in Bangkok will be moving into a state-of-the-art premises by 2019 and this can only enhance our trade links and bilateral relations in Thailand and throughout the region.”

In 2019, British diplomats in Bangkok will transfer to a modern tower block, which the UK government will lease for the next 15 years.

Simon McDonald, the permanent under-secretary at the Foreign Office, added: “In a tight fiscal environment, it is right that we take tough decisions to ensure that the UK can maintain a global presence while getting the best value for taxpayers.”

 

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