Sunday , June 25 2017
Home / Top Stories / EU agency faces €400m London rent bill after post-Brexit move

EU agency faces €400m London rent bill after post-Brexit move

The European Medicines Agency faces having to pay 20 years of rent totalling €400m on its London property once it is relocated after Brexit, with Brussels saying the UK should help foot the bill.

The EMA is due to move to an EU member state once the UK has left the bloc, but the agency recently signed a lengthy rental contract on its Canary Wharf offices, with no break clause. 

As a result, it will have to pay rent of €16m a year, plus taxes and charges, until 2039, according to…


Original Article – Read More…

Check Also

West London jeweller cleared of murdering abusive boyfriend | Society

A jeweller wept in court as she was cleared of murdering her boyfriend by stabbing …

Leave a Reply

Your email address will not be published. Required fields are marked *