‘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.

Mick is founding editor of Slugger. He has written papers on the impacts of the Internet on politics and the wider media and is a regular guest and speaking events across Ireland, the UK and Europe. Twitter: @MickFealty