Letter: Odeon mystery
Given that Duddingston House Properties (DHP) plans to reapply for consent to demolish the Odeon's auditorium (Letters, 11 February), it's worth reminding ourselves of a few simple facts.
Nearly eight years ago, in a buoyant property market, DHP bought the building, knowing it was B-listed but in good order, for 1.5 million. After eight years of neglect, it tells us its value today is about 3m - the same building and listing, but in a recession and rotting away. So which is it? Did DHP pay below market value when it bought it, or are buyers being asked to pay double the market value now?
Laurie Korchinsky
Dean Street
Edinburgh