New US Embassy Criticized by Trump As 'Bad Deal' Opens in London

A new U.S. embassy that President Donald Trump deemed as too expensive and poorly located has opened in London.

The building, in the Nine Elms neighborhood in South London, replaces the embassy in Grosvenor Square. An official ceremony marked the opening on Tuesday (January 16).

Trump was expected to travel to the U.K. to open the new $1 billion (£738 million) U.S. embassy. However, he wrote on Twitter on January 11 that he was not a "big fan" of the deal under which the new location and cost of the embassy were agreed upon.

"Reason I canceled my trip to London is that I am not a big fan of the Obama Administration having sold perhaps the best located and finest embassy in London for 'peanuts,' only to build a new one in an off location for 1.2 billion dollars. Bad deal. Wanted me to cut ribbon-NO!"

Although Trump blamed the Obama administration for the deal, the move was agreed in 2008, when then U.S. President George W. Bush was in office.

The official website of the U.S. embassy states that: "The new building project is being funded entirely by the proceeds of the sale of other U.S. Government properties in London, not through appropriated funds. This has always been the plan. The proposed Omnibus spending bill does not provide any new, additional, restrictions to that plan."

Robert Johnson, the U.S. ambassador to Britain, said the new embassy was a "bargain."

US embassy London
Armed police patrol outside the new U.S. embassy as soldiers prepare to raise the American flag for the first time on January 12, 2018 in London, England. President Trump has tweeted that he will not go ahead with his planned visit to the new billion-dollar embassy, blaming previous President Barack Obama's 'bad' embassy deal as his reason for cancelling. Leon Neal/Getty Image

The building hosting the previous U.S. embassy has been sold to a Qatari government investment fund, which plans to turn it into a luxury hotel, AP reported.

Trump's canceled trip is not related to an official state visit that was supposed to take place last year. Prime Minister Theresa May had extended to Trump an invitation to make a state visit by the end of 2017.

Although May confirmed that Trump is still due to visit the U.K., the state visit has not been confirmed. However, British officials insist it has not been canceled, according to Reuters.