British Embassy in Bangkok sold for £420 million

According to reports made by the UK media the British Foreign Office has sold their embassy building here in Bangkok for £420 million (18.7 billion baht.)

The British Foreign Office apparently plans to use the money from the sale to refurbish 30 to 40 projects across the globe including re-wiring their Paris embassy and modernising their Washington Embassy.

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According to reports the money raised from the buildings sale is equivalent to one-third of the Foreign Office’s annual budget which is £1.2 billion.

British Embassy in Bangkok sold for £420 million

The British Embassy staff here in Bangkok will now move their operations to the AIA Sathorn Tower located in Bangkok’s Business district.

British Embassy in Bangkok sold for £420 million

The original embassy building was built back in 1922 on 3.5 hectares of land on the outskirts of Bangkok, land which is now considered prime real estate.

Source : The Nation

Content : LovePattayaThailand

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