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RBS puts London HQ up for sale with £173m price tag

Removing RBS logoThe Royal Bank of Scotland has confirmed long-anticipated plans to sell its London HQ and has appointed agents to sell the building with an expected price of £173 million.

It said last year that staff at 280 Bishopsgate, which RBS has occupied since 2002, will move a just a few doors down to number 250. The building covers almost 250,000 sq ft and represents around a fifth of RBS’s floor space in London.

The bank said that it would be vacating the building as a key part of rationalising its property portfolio which has included the closure of more than 350 RBS branches and over 630 NatWest branches.

 

Dock sale

Intu has agreed to sell a derelict dock next to its Braehead shopping centre south of Glasgow for £6.1m to Peel Group’s Clydeport Operations.

The sale includes the King George V docks, a 30.96 acre site, and two adjacent plots of land. The deal requires shareholder approval as John Whittaker, deputy chairman and non-executive director of intu, is also the chairman of the Peel Group, intu’s largest stakeholder.

Intu bought the freehold on the dock in 2012 from Clydeport Properties for £4.67m.

 

 



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