Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / For sale sign hoisted for New Scotland Yard

For sale sign hoisted for New Scotland Yard

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


Share this article



Latest Businesses for Sale

Specialist IT Company
UK Wide, London

Provides support and skills to SMEs in London. Offers both prepaid hours and monthly contracts; 64% of clients are currently on rolling monthly contracts accounting for 47% of the company’s income.

Asking Price: Offers Invited
Turnover: £680,187

LEASEHOLD


Multidisciplinary IT Service Provider
UK Wide, North East

Provides fully managed technical support, installation services, IT security, hardware supply, hosted telephony, cloud solutions, design and planning. Serves commercial and corporate clients across a diverse range of sectors, including manufacturing,...

Asking Price: Offers Invited
Turnover: £2,600,000

FREEHOLD


Supplier Of Artisan Food Products
UK Wide, South West

Supplies handcrafted patisserie products to professional kitchens across the UK. The product range includes, but is not limited to, afternoon tea; chocolate, fruit, warm and multi-portion desserts; appetisers and canapés; and cheesecakes. Has 790 cli...

Asking Price: Offers Invited
Turnover: £769,374

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
Jan
 

Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE

Modular space leasing business Modulaire Group has announced...

 
19
 
Jan
 

Injection moulding business sold out of administration to employees | BUSINESS SALE

Conwy-based injection moulding company A2B Plastics Limited ...

 
18
 
Jan
 

AFH Financial Group ready to return to acquisition trail in 2021 | BUSINESS NEWS

In its yearly report to October 2020, wealth manager and adv...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
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 ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.