‘In consideration of the sum of £1’

This from reader Glenn, notes this piece of information from the Irish News (ahem it was originally reported on Friday by David Gordon in the Belfast Telegraph):

Iris’s constituency office in Newtownards was aquired by a company owned by Ken Campbell (the 25 grand loan guy) in July 2007 for £195,000. Land registry documents show the property was transfered to the Robinsons ‘in consideration of the sum of £1’ in August 2007. The Robinsons sold it to a pension fund, involving two top Co. Down property developers, for £207,000 last year.

Since then we, the tax payers have paid at least £8,000 in rent for the office. Nice work if you can get it.