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NEW POLICE STATIONS IN LONDON AREA UNDER PFI

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Masons has advised the Metropolitan Police Service on its procurement of a ...
Masons has advised the Metropolitan Police Service on its procurement of a

£120m PFI project to build four new state of the art police stations within

the London area together with related support services.

The project is one of the largest police PFI contracts closed in the UK to

date and will provide substantial new accommodation for the Metropolitan

Police. The contract involves innovative property arrangements and the

provision of a range of police support services. This will include the supply

of civilian staff for support services associated with custody and suspect

processing (civilian gaolers) and front desk or station reception officers.

Graham Tope, chair of the Metropolitan Police's finance, planning and best

value committee, said: 'This important PFI contract forms part of the MPA

Estate Strategy for the modernisation of the estate and provides an

opportunity for the rationalisation of a number of old and less efficient

buildings. The designs offer modern accommodation and represent value for

money, reductions in annual costs in some areas and further efficiencies both

in terms of staff and other costs.'

Equion Plc will build and operate the new police stations and related

services.

Other parties involved in the project are:

* Project Management: MPS Property Services Department

* Equity funding: Laing Investments (Denton Wilde Sapte)

* Construction: Laing Construction (Rowe & Maw)

* Service Delivery: Equion FM (Denton Wilde Sapte)

* Funding: Dresdner Bank A.G. (CMS Cameron McKenna)

Financial close was achieved on 26 October.

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