Police bosses plan to move from Scotland Yard as they face making cuts of more than £500 million.
Deputy Commissioner Craig Mackey told the Mayor's Office for Policing and Crime that the force hopes to save around £6.5 million per year by moving to a smaller headquarters.
New Scotland Yard has been in its current location in Victoria Street since 1967 but Mr Mackey said it would take an investment of around £50 million to bring the building up to scratch.
More top news
The National Crime Agency is to be investigated over a two year delay police took in investigate a paedophile teacher in Essex.
Tooting Bec Lido is hosting the UK Cold Water Swimming Championships. The water is expected to be 3ºC and wet suits aren't allowed!
A passerby has risked his life to tackle a man wielding a machete after a smash-and-grab robbery on a luxury City jewellers.