PracticeConsultingAndersen Consulting drops plan for new home

Andersen Consulting drops plan for new home

Andersen Consulting has dropped plans to move to a new headquarters following its protracted divorce from Arthur Andersen.

Six months before the consultancy firm was due to move in, bosses have pulled the plug on the planned 15-year lease at the Lord Foster-designed building.

The spectacular glass building is being constructed on the former Daily Mirror site at Holborn Circus is London.

AC claimed a ‘total victory’ when it separated from AA last month after an arbitration process lasting more than two years. But divorce arbitraor Dr Guillermo Gamba, ruled AC would have to surrender its name.

The decision prompted speculation that AC cancelled the move so as to lighten the financial load prior to a floatation, a point denied by the consultancy.

According to a report in Property Week the full 15-year liability could have been as much as £172m.

Taking Stock – I spy with my little eye, something beginning AC

Taking Stock – No fisticuffs for Andersens staff

The Andersen break-up

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer