INDUSTRY NEWS

Metropolitan Police London office for sale

The Metropolitan Police London office has been put on the market for £250m.

The office building will be marketed as “Ten Broadway”. Proceeds of the sale will be utilised to buy hi-tech equipment for officers.

New Scotland Yard has been home to the Met since 1967 but now it plans to move to Curtis Green on Victoria Embankment.

Its new London headquarters will house around 1,000 staff and officers in comparison to the 2,500 which currently work at New Scotland Yard. The remaining 1,500 staff will be relocated to another building in London.

The move to sell the Victoria office is part of an operation to cut costs, with the force due to reduce its annual running costs by £60m. It is expected that up to 200 police buildings will be sold by 2016.

London mayor, Boris Johnson said: “By turning dilapidated and underused buildings into hi-tech kit, we are giving the Met the tools they need to keep driving down crime in the capital, making them more connected to Londoners than ever before.”

Before establishing its home in New Scotland Yard, the Met has had several headquarters. In 1875 it moved from Whitehall Place to Great Scotland Yard, before moving to the Norman Shaw building in 1890.

By: Kirsty MacGregor

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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