Met Police plans massive estate sell-off

Wed 31st October 2012, 10:03 am

The Metropolitan Police is planning to sell off a third of its property estate, including its Scotland Yard headquarters in Victoria, central London, to help save £500 million over coming years.

Other police stations across London will also be marketed soon, according to a BBC report.

Deputy commissioner Craig Mackey commented on the proposed sale of the headquarters: "Despite the money we spent on it over the years, it is an asset that we could use differently and better invest the money in policing".

According to the plans, the headquarters would move to a smaller building in Whitehall.

A final decision on the sale will be made in November when the proposal will be submitted to the Mayor of London's Office for Police and Crime.

Next week's Sitematch London event at City Hall will see a number of other public sector landowners meet to discuss their surplus land with developers.

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