Metropolitan Police HQ sold for £370m

The headquarters of the Metropolitan Police has been sold for �370 million. Picture: PA
The headquarters of the Metropolitan Police has been sold for �370 million. Picture: PA
Share this article
3
Have your say

THE headquarters of the Metropolitan Police has been sold for £370million to a multi-billion dollar alternative investment company based in Abu Dhabi.

The proceeds of the sale - which secured £120m more than the guide price and three times what was originally paid for the site freehold in 2008 - will be invested in technology for police officers such as tablets, smartphones and body cameras.

The New Scotland Yard site, situated next to St James’s Park Tube station and famed for its revolving triangle sign which will remain there, will become residential, and will probably also feature offices and a hotel, according to London mayor Boris Johnson.

CONNECT WITH THE SCOTSMAN

Subscribe to our daily newsletter (requires registration) and get the latest news, sport and business headlines delivered to your inbox every morning

• You can also follow us on Facebook, Twitter and Google +

Asked if he feared there would be crticism that another investor from overseas has moved into the capital, Mr Johnson said there is no economic difference between “having an investor from Abu Dhabi or having the BP pension fund do this”.

He added: “Anybody who thinks otherwise is, I’m afraid, completely economically illiterate.”

SCOTSMAN TABLET AND IPHONE APPS

• Download your free 30-day trial for our iPad, Android and Kindle apps

Keep up to date with all aspects of Scottish life with The Scotsman iPhone app, completely free to download and use