A price tag of more than £140m has been put on Army land and property in Colchester.

The total was calculated from the Government's new National Asset Register and includes land, buildings, sports facilities, armouries and the military corrective training centre.

The 921-page register shows that at the end of March 2000, the Ministry of Defence had the biggest share of the country's £274bn-worth of state-owned property.

It reveals that in Colchester the stores, accommodation, offices, armoury and 97 hectares of land, which form the soon-to-be-replaced garrison are said to be worth just over £12m.

Seven barracks are listed in the town, with the lowest price tag put at £10,640,000 for the Meanee Barracks.

The highest value, nearly £28 million, is given to the Cavalry Barracks, making it the MoD's most valuable single property in Colchester.

But the figures will soon be out of date: The MoD is selling 120 hectares (300 acres) of its land in Colchester for development in 21 lots over the course of ten years.

There are also plans for a £1bn redevelopment of the garrison, funded by a private finance initiative, which will move it south to form an enclosed, campus-style site.

Converted for the new archive on 19 November 2001. Some images and formatting may have been lost in the conversion.