240. Property.

240.     Property.

A state1 is not immune from proceedings relating to:

  1.  

    (1)     any interest of the state in, or its possession or use of, immovable property in the United Kingdom2; or

  2.  

    (2)     any obligation of the state arising out of its interest in, or its possession or use of, any such property3.

Neither is a state immune as respects proceedings relating to any interest of the state in moveable or immovable property, being an interest arising by way of succession, gift or bona vacantia4.

The fact that a state has