Met police surplus land sales raise £125 million
Fri 4th July 2014, 11:24 am
Mayor of London Boris Johnson has announced that the sale of surplus Met Police sites has delivered £125 million to date, almost three times more than estimated.
The figures were published in the Mayor’s Office for Policing and Crime’s (MOPAC) annual report.
Original targets were set at £40 million from the sale of surplus land.
As well as the money raised, the disposals have saved the Met Police an annual running cost of £12.5 million per year.
Boris Johnson, mayor of London, said: “I pledged to deliver savings from the police estate in the face of unprecedented budget pressures and without compromising on resourcing for frontline policing.
"As a direct benefit of shedding under-utilised sites, we are freeing up tens of millions of pounds to maintain police officer numbers and to generate savings to invest in the future.
"At the same time, buildings that were no longer fit for purpose are being released to provide much needed homes, schools and jobs in the capital."
View the full report.