New Scotland Yard sold for £370m to Abu Dhabi Financial Group – netting unexpected £120m

first_img Share New Scotland Yard sold for £370m to Abu Dhabi Financial Group – netting unexpected £120m Show Comments ▼ Lynsey Barber by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminator News Scotland Yard, the central London home of the Metropolitan Police, has been sold to a group of Abu Dhabi investors for £120m more than the building’s guide price.The Abu Dhabi Financial Group has been revealed as the buyer of the 1.7 acre, 600,000 sq ft site in Victoria, paying £370m after what was described as an “extremely competitive bidding process”. The sale of the 1960s office block, which went on the market with an asking price of £250m in September, is a “landmark deal” according to the Mayor’s office, which is behind the sell-off.Deputy mayor for policing and crime Stephen Greenhalgh described the deal as “a win for everyone” saying:  “Police officers get the investment in technology they need, Londoners get the modern, efficient police service they deserve, and the public purse gets a £100m windfall from stamp duty, helping to fund our schools and hospitals.”The sale hadn’t been expected until next year, but 10 Broadway, as the property was marketed, comes with potential for a 690,000 sq ft residential-led development that could be worth £1bn upon completion, attracting a flurry of attention.London Mayor Boris Johnson said of the deal: “The sale of this under-used and outdated building means we can now not only protect that rich heritage, but also fund the new HQ and kit out bobbies with the latest mobile technology to secure the future of the force. This landmark deal allows us to preserve the past whilst giving today’s Met a vital cash boost so our officers can go on keeping London safe.”The sale is part of an overhaul of the Met’s portfolio of properties by the Mayor’s office. City Hall has already raised £125m through the sale of 32 premises in London, with a further £125m of properties expected to be sold off this financial year, excluding New Scotland Yard.The Met will move to a new headquarters at the Curtis Green Building on Victoria Embankment, a move that’s expected to save £6m a year, or the equivalent of 130 bobbies on the beat.The Abu Dhabi Financial Group is also redeveloping 1 Palace Street near Buckingham Palace. Its latest purchase comes amid a flurry of property investments in the capital from the Middle East and Asia. center_img Tuesday 9 December 2014 7:18 am whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp Tags: NULLlast_img

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