The Mayor of London’s police department is in discussions with developer Capital & Counties (Capco) for the potential purchase of the Met’s counter terrorism HQ in Earl’s Court, suggesting plans to turn the building into flats have been abandoned.
Capco released a statement on Thursday confirming it was negotiating with The Mayor’s Office for Policing and Crime (MOPAC), which is acting on the Metropolitan Police’s behalf, over the future of the Empress State Building.
The building is home to around 4,000 Met staff and is leased by MOPAC on behalf of the Met on a deal which expires next year.
But Capco said that MOPAC may now either extend its lease or could buy the freehold for the building, which trade publication Property Week said could be worth £240m.
Capco said: “At this stage there is no certainty that any transaction will be agreed. Further announcements will be made in due course as appropriate.”
The Met’s decision to stay in the building indicates that Capco’s plans to turn the tower into 340 flats have been abandoned.
As part of its wider redevelopment plans for the Earl’s Court area, the developer gained planning permission to convert the building into homes in 2014. Its masterplan also included knocking down the historic Earl’s Court Exhibition Centre in 2015.
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