New Scotland Yard has been sold for £370million to Abu Dhabi Financial Group - £120million above the asking price.
The finance now plan to redevelopment the former Metropolitan Police headquarters into luxury flats overlooking Westminster Abbey.
Boris Johnson today announced that proceeds from the sale will be used to ‘modernise’ frontline policing.
The Mayor of London also admitted the Met is facing issues with recruiting officers from ethnic minorities.
He told London Live a new initiative aims to recruit volunteers from hard-to-reach communities and promote careers in the force.