RegulationAccounting StandardsCIPFA to move out of iconic Robert St office

CIPFA to move out of iconic Robert St office

CIPFA sells its West London site to move into open-plan accommodation near St Katherine's Dock

CIPFA to move out of iconic Robert St office

CIPFA is to move from its iconic West London office and into the City.

The public sector accountancy institute has been based at 3 Robert St (pictured above) since 1984, but has sold the building and will move to new headquarters near Tower Bridge at the end of the year. It will also consolidate its education and training centre in Borough High Street into the single site.

The institute has sold the Robert St office, which was once home to Peter Pan author J M Barrie, for an undisclosed fee. More than 100 staff will be based at Mint House, near St Katherine’s Dock (pictured below). A timescale for the sale of its Borough office has not yet been set.

Mint House

CIPFA chief executive Rob Whiteman told Accountancy Age that the move was a “very important step” for the future of the institute. It will bring staff into a modern, purpose-built and open plan office, will place the institute’s balance sheet into a positive position, and improve staff collaboration.

“Robert St’s a beautiful building and has incredible history, but poor office accommodation,” said Whiteman.

“The move is part of our strategy of having a louder policy voice, improve services and help students & membership. We want staff working together.”

The relocation gives CIPFA the opportunity to enter into a sale and leaseback in the future if required, but selling the freehold was not a priority at the moment. Due to the size of the site, CIPFA will also create a rental stream by letting out some of the building.

“We will refurbish it and have a stunning new HQ,” Whiteman added.

Related Articles

New Year Honours of 2017

Accounting Standards New Year Honours of 2017

9m Stephanie Wix, Writer
CIMA opens door to CIPFA members

Accounting Standards CIMA opens door to CIPFA members

10m Stephanie Wix, Writer
ICAS and CIPFA join forces on professional qualification

Accounting Standards ICAS and CIPFA join forces on professional qualification

1y Fraser Simpson, Reporter
ACCA public sector head moves to new CIPFA role

Accounting Standards ACCA public sector head moves to new CIPFA role

2y Kevin Reed, Writer
CIPFA wins NHS Wales graduate scheme contract

Accounting Standards CIPFA wins NHS Wales graduate scheme contract

2y Calum Fuller, Reporter
CIPFA announces anti-corruption qualification

Accounting Standards CIPFA announces anti-corruption qualification

1y Calum Fuller, Reporter
CCAB urges business to engage with EU reform debate

Accounting Standards CCAB urges business to engage with EU reform debate

2y Chris Warmoll, Writer
CIPFA's Rob Whiteman on moving home and the pride of public service

Accounting Standards CIPFA's Rob Whiteman on moving home and the pride of public service

2y Chris Warmoll, Writer