Friday 1 February 2008

Britain's biggest property deal

Some chaps called the Candy Brothers have shelled out £1,ooo million for a 12.8 acre site in a prime London location.

£1,000 million ÷ 12.8 acres = £78 million per acre
£78 million per acre = £16,000 per square yard
£16,000 per square yard = £12 per square inch

In other words, they could have bought 12.8 acres of agricultural land for about £50,000 and covered the whole area two inches deep in £1 coins for much the same overall cost.

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