Circular No MF/86/11
Our Ref: FIN/C001
24th November 2011
To All Branches, Regional Offices & Regional Councils
Dear Brothers and Sisters,
Slater Mews Renovation
You will be aware that the two flats known as Slater Mews in the rear of Maritime House (one of which was used by former Deputy Prime Minister John Prescott) were redeveloped, turning the two flats into five separate flats where members on Union business can use or rent for £24.00 per night.
The renovation cost was approximately £1,000,000.00 and the flats, when converted, were valued at approximately £2,500,000.00.
We took a loan over 25 years to pay for the renovation in March 2005 and I am pleased to say that we have now paid this loan off completely, which is 19 years early.
I would be obliged if you will bring this to the attention of your members.