Re: Donald Trump
In 2008, when George W. Bush was president, the United States signed a conditional agreement to acquire a site for the construction of a new embassy in the Nine Elms area of Wandsworth, southwest London.
The new 12-storey building on the south bank of the river is at the heart of a huge regeneration project in a former industrial zone.
The U.S. State Department ran a competition to design the new building in 2008. Its $1 billion construction was wholly funded by the sale of other properties in London. It will open to the public later this month.
Local media reported the old building was sold for 500 million pounds. Reuters has not been able to independently verify the valuation.
and the U S never actually owned the building, they only owned the lease.