Tue, 02 Sep 2014 | COMMERCIAL PROPERTY
The London home of the Metropolitan Police for the past fifty years, New Scotland Yard, is being placed on the market today with a price tag of £250 million, the Financial Times has reported.
It is a climatic moment in a substantial sell-off of police premises, 32 buildings have already been sold bringing in £125 million in response to the Home Office’s call for the Met police to cut costs.
The disposals are predicted to save £6 million a year in operational costs, equivalent to paying for 130 police officers. The funds raised will help with the relocation to a refurbished, smaller head office (the former premises of Territorial Policing, unused since 2011) on the river Thames, and technology upgrades that will support the work of more officers on the move from smartphones and tablets, along with a new forensics laboratory.
New Scotland Yard is located at Victoria, London, and has capacity for 2,500 police officers from 600,000 sq. ft. of office space. It is being marketed by Jones Lang LaSalle, and it is hoped will be sold on before Christmas and bring in a price exceeding £300 million.
When news of a possible sale became known two years ago, many overseas investors expressed their interest.
London mayor Boris Johnson told the Financial Times: “By turning dilapidated and underused buildings into high-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.”
__________________________________________________________________
Related information:
Resources on buying a business
Established in 2012, this business offers a comprehensive suite of staffing solutions, the company provides experienced in-house recruitment professionals for managing open vacancies on a fixed-term basis, catering to both UK & Europe and Australian...
Now available for acquisition is a well-established tyre supply and fitting centre catering to the needs of Midhurst and its neighbouring areas. Operating for over 34 years, this establishment specialises in the sale, repair, and replacement of tyres...
Explore an exceptional opportunity to acquire a thriving Italian café and restaurant situated in the vibrant town of Surbiton. This esteemed establishment has garnered a strong reputation for its delightful cuisine, and welcoming atmosphere.
LEASEHOLD
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
24
|
Apr
|
Middlesbrough metal recycling firm acquired from administration | BUSINESS SALE
Cupral Group Limited, a metal recycling business based in Mi...
03
|
Mar
|
Grosvenor House Hotel up for sale | ADMINISTRATION
The prestigious Grosvenor House Hotel in London is up for sa...
26
|
Feb
|
Leeds office building bought by Clugston Group | COMMERCIAL PROPERTY
A modern, three-storey office building in Leeds has been pur...
16
|
Jan
|
Cornwall leisure centre for sale | BUSINESS SALE
A leisure centre in Cornwall, the Springfields Fun Park and ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.