After announcing the decision to leave Belgravia House in March of next year, the RCVS will be moving on from its headquarters in Westminster sooner than they had planned.
The institution has been located at Belgravia House since 1995, but now the RCVS has revealed it will be put up for sale for £14m.
“The institution has been located at Belgravia House since 1995, but now the RCVS has revealed it will be put up for sale for £14m“
The sale agreement contained a clause where they continue to be able to use the asset but no longer own it for a 2-year period. However, they decided to reject this offer and will leave officially by the end of March next year. The call was made earlier this month, when the RCVS council determined that there was a clear financial incentive to leave the building as soon as legally possible.
Both members and employees in the RCVS council continue to go to the building when they have meetings. After Covid 19 restrictions were lifted it was also used for everyday working. Regardless of lifted restrictions, they still have not gone back to the amount of people in the office before the pandemic. This means that it makes more financial sense to rent out space as required. It also means that they can choose to rent venues all over the country for their meetings until they decide on a permanent residency.
RCVS chief executive, Lizzie Lockett, said “We will be drawing up detailed plans for the safe removal and storage of our effects, including the library, historical collection and archives. One of the things we have learned from the pandemic is that we can cope well with remote and hybrid working, while continuing to provide a high level of service to the professions and the animal-owning public.”
She continued: “Our estates strategy group recommended to council that there was now little to be gained and much to lose financially if we continued to lease Belgravia House for another year. In the coming weeks, we will be drawing up detailed plans for the safe removal and storage of our effects. Meanwhile, we remain fully committed to the purchase of a new permanent London home for the RCVS and are seeking a building that not only meets the needs of the professions both now and well into the future, but also aims to be a sound financial investment for the college in the years ahead.”See all the latest jobs in Animal Health