London

New Scotland Yard sale: £250m price for Met HQ

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Media captionNew Scotland Yard carries an initial asking price of £250m

A £250m price tag has been placed on New Scotland Yard as the Metropolitan Police prepares to move to a smaller headquarters.

The office block near Victoria station has housed the Met since 1967, but is being sold off as part of a cost-cutting effort.

The force's new HQ will be the Curtis Green building on Victoria Embankment.

Up to 200 police buildings are due to be sold by 2016, with £124.5m already brought in by the big sell off.

'Massive programme'

The force expects to reduce its annual running costs by £60m once the moves are completed in two years' time.

Its new headquarters will house 1,000 officers and staff compared to the 2,500 currently working at New Scotland Yard, with the remaining 1,500 relocated at other Met buildings in the capital.

The Mayor's Office for Policing and Crime said New Scotland Yard will have a guide price of £250m and be marketed as "Ten Broadway".

Some of the proceeds will be used to buy new hi-tech equipment such as body-worn cameras, secure tablets and smartphones for officers.

Deputy Mayor for Policing and Crime, Stephen Greenhalgh said: "By selling the old Met HQ and shrinking the estate, we can afford to fund the massive programme we have under way to equip front-line officers with cutting edge technology."

The Met's head office, has moved several times before.

It shifted from from Whitehall Place to Great Scotland Yard in 1875 and to the Norman Shaw building in 1890, before establishing its base in the current building in the 1960s.

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