A source from within the cordon said the man has been arrested and is now sat in the back of a police van as officers 'methodically' check the building for explosives.
The man was seen being taken shirtless into a police van at around 3pm.
Thousands of people were evacuated from Tottenham Court Road today after after the man, said to be carrying gas canisters and a blow torch, stormed the offices of an HGV firm and threatened to spark a deadly blast.
The man, who identified himself as Michael Green, is understood to have taken four hostages after entering the offices of the training firm amid claims he had twice failed tests and wanted his money back.
Officers, including marksmen, explosives experts and police negotiators, rushed to the scene shortly after noon and ordered the evacuation of at least 1,000 office workers and many more shoppers and tourists in the area.
As they cordoned off the scene, the man started hurling objects - including computers and filing cabinets - came flying from a fifth-floor window as terrified workers left the building with their hands up.
The man was in the building for two-and-a-half hours, and negotiators are believed to be talking to him by telephone.
A police spokesman said: 'Officers are in attendance at an incident in Tottenham Court Road where a man, believed to be aged 49, is causing a disturbance.
'Police were called at 11.59 on Friday 27 April to an office building. Items, including electrical equipment, have been thrown out of a fifth-floor window.
'A 300m cordon has been put in place and a negotiator is on scene.'
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