£120m PFI project to build four new state of the art police stations within
the London area together with related support services.
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
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.