Home Commercial Property New Scotland Yard building sold for £250m to mystery buyer

New Scotland Yard building sold for £250m to mystery buyer

by LLP Editor
14th Nov 14 10:34 am

New Scotland Yard, the Metropolitan Police’s HQ, has been sold for a reported £250m.

Who is the mystery buyer? Well, details will be released only after contracts have been exchanged.

The building, known as 10 Broadway, can also be converted into a £1bn luxury development, according to various media reports.

Stephen Greenhalgh, deputy mayor for policing and crime,  said: “Londoners support our plans to put bobbies before buildings and all the proceeds of this sale will be reinvested in frontline policing.

“Over the coming months, we will be able to share these investment plans with Londoners, but I’m confident that today’s sale represents the best deal for London.”

Met Office’s current HQ can house 2,500 officers. While some 1,000 officers will move to the Curtis Green building on Victoria Embankment, the rest 1,500 will be relocated to other buildings in the capital.

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