The Royal Pharmaceutical Society has bought a new building at 66-68 East Smithfield London E1 and sold its existing headquarters at 1 Lambeth High Street SE1.
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The Royal Pharmaceutical Society has bought a new building at 66-68 East Smithfield London E1 and sold its existing headquarters at 1 Lambeth High Street SE1.
Commenting on this decision RPS Treasurer and Chair of RPS Transition Board Sultan ‘Sid’ Dajani, said: “I’m pleased to announce we have exchanged contracts on our new headquarters and also on our existing building in Lambeth.
“For over two years, my colleagues and I have been conducting a review of our overall estates strategy. We have always made decisions with the interests of our members and the Society foremost in our minds.
“We wanted to stay in London in premises which showcase our proud heritage but also positively reflect the status and spirit of our profession and our flagship role.
“As sole occupants of the new building with lower running costs, we have also removed the risks and associated legal responsibilities of being a commercial landlord, as we are at present.
“The move allows us to focus solely on being the representative Professional Leadership Body. Any capital released from our property review will be invested for the benefit of current and future members, building reserves and developing the Society rather than covering running costs.
“As Treasurer of the RPS and the Chair overseeing our overall estates strategy, our key focus and concern has, is and always will be to ensure a sustainable, stronger future for our members and our profession.”
Martin Astbury, RPS President adds: “This decision puts the Society in full control of its own destiny with regard to our future accommodation needs.
“The Society’s primary purpose is to support our members and ensure they can provide the best possible care to patients. We made a very positive decision which allows us to use the resources available to us in the best possible way for the profession.
“I am personally very excited about this change which will align well with our investment strategy. A new building, our new RPS Faculty and the upcoming range of digital products from our publishing business means we are doing everything in our power to ensure the Society is best placed to serve the profession for the long term.”
