The city council said it had no policy on HMOs and any conversion of a property needed planning permission.

BBC: Coventry University

Property developer Euroboden GmbH next year aims to complete a smaller conversion of an above-ground bunker in Munich's Ungererstrasse, which is set to become office space, three apartments and a penthouse loft.

WSJ: New Lives for Nazi-Era Bunkers

The conversion of the old stadium site into 724 luxury apartments opening in 2009 and the redevelopment of property bought around the new stadium is helping the team pay down debt.

FORBES: Gunning for It All