The Royal College of Psychiatrists will relocate its headquarters to a new building near Tower Hill later this year.
At approximately 50,000 square feet and with six floors, the new building – 21 Prescot Street, E1 – will provide the College with twice as much space as it currently has.
The College plans to move in to the new building during the autumn, once refurbishment is completed. Since 1974, the College has resided at 17 Belgrave Square. The purchase of the new building, and its refurbishment, will be covered by the sale of the remaining lease on Belgrave Square and the College’s New Building Fund.
The College currently leases a second building in Aldgate, which houses the College Centre for Quality Improvement (CCQI). Prescot Street will have space for staff from both Belgrave Square and the CCQI – bringing all the College’s London-based staff together under one roof.
Professor Sue Bailey, President of the Royal College of Psychiatrists, said: "These are very exciting times for the College. The new building will provide much better facilities for our members, trainees and visitors, and enable us to conduct much of our training in-house."
Vanessa Cameron, Chief Executive of the Royal College of Psychiatrists, said: "The College is delighted with the the acquisition of Prescot Street which enables us to offer our members an enhanced service under one roof, and will see the College continue to thrive as a centre of excellence for the future."
Source: The Royal College of Psychiatrists 10. January 2012