Charles Stanley Group PLC Property disposal (2461J)
September 08 2016 - 2:00AM
UK Regulatory
TIDMCAY
RNS Number : 2461J
Charles Stanley Group PLC
08 September 2016
8 September 2016
Charles Stanley Group PLC
Property disposal
Charles Stanley Group PLC ("Charles Stanley" or "the Group")
today announces that it has exchanged contracts for the sale of its
long lease at 35 Luke Street for GBP5.6 million.
The disposal has been made as part of the Group's previously
announced plans to consolidate a number of its London office
locations, including staff currently based at 131 Finsbury
Pavement, into a central site at 55 Bishopsgate. The proceeds of
sale are expected to more than offset the one-off costs involved in
the office reorganisation.
The Group expects the move will enhance communication and
working synergies across front, middle and back office departments,
whilst providing a professional reception for clients in the heart
of the Square Mile.
Paul Abberley, Chief Executive Officer of Charles Stanley Group
PLC, commented:
"The disposal of 35 Luke Street is in accordance with our plans
to rationalise our London footprint, bring our London staff
together in one building and contribute toward our drive for cost
savings. The move to our new offices in Bishopsgate will commence
ahead of schedule next month and we are confident that this will
enable our professional and support teams to work together more
efficiently and place us in good stead to better serve our clients'
needs."
For further information, please contact:
Charles Canaccord Peel Hunt Redleaf Communications
Stanley Genuity Guy Wiehahn Rebecca Sanders-Hewett
Joanne Vowles Roger Lambert 020 7418 Charlie Geller
PR Manager 020 7523 4619 8893 020 7382 4730
Via Redleaf CScapitalmarkets@redleafpr.com
Notes to editors:
Charles Stanley was established in 1792 and is one of the oldest
firms on the London Stock Exchange. Charles Stanley today provides
holistic wealth management services to private clients, charities
and smaller institutions. These are delivered by over 450
professionals located in 25 offices throughout the UK, both direct
to clients and to intermediaries. Our services include investment
portfolio management and financial planning, supported by in-house
administration and custody for investment portfolios, SIPPs and
ISAs to enhance the quality of service provided. In addition,
Charles Stanley Direct provides an award winning direct to customer
Execution-only dealing platform for equities and funds
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISBLGDCSSGBGLR
(END) Dow Jones Newswires
September 08, 2016 02:00 ET (06:00 GMT)
Charles Stanley (LSE:CAY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Charles Stanley (LSE:CAY)
Historical Stock Chart
From Apr 2023 to Apr 2024