Met to pay LandSecs £120m to own Yard

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

New Scotland Yard was put up for sale by owner Land Securities last month and sources said that the deal could be completed as early as today.

Taxpayers' money will be used to fund the purchase of the site, which has been home to the Met since 1967.

The Sixties office block, famous for its revolving sign, is convenient for the Home Office and Cabinet Office but has become seen as a possible target for terrorists and concrete blast barriers now surround the building to protect it against attack.

The Met pays an annual rent of more than £4.7 million to Land Securities and holds a lease until 2064.

Land Securities has been hit by the plunging property market and last month slashed the value of its estate by 20% or £1.7 billion.