Rathbones expands London office with Curzon Street move

Investment management advisor will relocate London HQ offices in February 2012

Article posted: 16 May 2011

Investment management advisors Rathbones has announced that it will be relocating from its offices on New Bond Street to new office space in Mayfair at 1 Curzon Street early next year.

The FTSE 250 listed company has exchanged contracts for a 12 year lease of 42,200 sq ft of office space on the 3rd and 4th floors of No 1 Curzon Street, London W1. It is expected that the move from current premises will be completed by the end of February 2012 and will result in non-recurring charges of up to £5m, representing the expected costs of moving, a period of double occupation and dilapidations on the existing premises.

Commenting on the move, Rathbones chief executive Andy Pomfret said: “The move to No 1 Curzon Street not only keeps Rathbones in the heart of Mayfair, but also increases our effective space in London by around 10%, as a result of a larger and more efficient floor plan than our existing offices, without a material increase in the ongoing cost base.”

1 Curzon Street is a modern office building designed by T.P. Bennett and constructed by Sir Robert McAlpine. It is one of many high-class buildings in Mayfair Commercial's portfolio, a company owned by the Abu Dhabi Royal Family.

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Posted by Sara