|
|
Article: Office Move Leaves London Stock Exchange with Hefty Bill.
- Article from:
- Daily Mail (London)
- Article date:
- November 30, 2003
CopyrightCOPYRIGHT 2003 Daily Mail. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Tom McGhie
Nov. 30--London Stock Exchange boss Clara Furse is under attack over a property deal that could cost the exchange millions of pounds.
Furse piloted through a plan for the LSE to abandon its tower building in the City in favour of an expensive new property near St Paul's Cathedral.
But with the LSE preparing to move into its new home early next year, the tower, valued at more than UKpound 90 million two years ago, remains unsold.
And critics say that Furse has overpaid on a lease -- UKpound 12 million a year -- for the huge new property at Paternoster Square.