New Scotland Yard HQ to highest bidder

2012-10-30 16:52
New Scotland Yard has been on London's Victoria Street since 1967. (Akira Suemori, File/AP)

New Scotland Yard has been on London's Victoria Street since 1967. (Akira Suemori, File/AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

kalahari.com

London - London's cash-strapped police force may sell its New Scotland Yard headquarters as part of plans to save £500m.

The 1960s-era complex in the Victoria district could fetch between £150-200m, property agents said. The Metropolitan Police bought the block from Land Securities in 2008 for £122m.

The possible sale is part of a wider cost-cutting drive to shrink the force's 900 000m² estate by one third by 2016, the Met said in an e-mailed statement.

"We won't keep older buildings any longer than we need to...Our plans relate to all areas of the estate, including all HQ buildings and potentially moving New Scotland Yard from its current location," a spokesperson said, adding that no final decision had been made.

The 20-storey block, surrounded by concrete blast barriers and famous for its revolving sign, will need £50m for maintenance over the next few years, the police said.

Should the sale go ahead, it may move its headquarters to a smaller building in the Westminster district.

The Victoria neighbourhood has been targeted by redevelopers including Land Securities, which is building prime offices, shops and over 200 homes in the district.

Last week, the government sold Admiralty Arch, a gateway between The Mall and Trafalgar Square in London, for £60m to Spanish investor Rafael Serrano as part of a cost-cutting drive.

Read more on:    uk
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
Traffic & Train Alerts
Traffic
Montague Gardens 18:07 PM
Road name: Montague Drive

ROADWORKS - lane closures both directions for BRT lane construction - expect delays

Kuils River 18:05 PM
Road name: Polkadraai Road Eastbound

ROADWORKS between the R102 Van Riebeeck Road and the R310 Baden Powell Drive exit - expect delays

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Up to 60% off - clearance sale!

Save up to 60% on appliances, books, electronics, toys, movies and more. Offer valid while stocks last. Shop now!

Deal of the Week!

Get bestselling John Green novels now just R99 each! Hurry and get yours while stocks last. Shop here.

Mind blowing deals on beauty & fragrances

Save up to 30% off beauty and fragrances. Offer valid while stocks last. Shop now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

It is the end of the month and there may be a strong focus on organising finances. You may have found a need to reconstruct or...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.