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RPS unveils Smithfield HQ to save £400,000 a year

Business The Royal Pharmaceutical Society (RPS) has sold its Lambeth headquarters and found new central London premises, it has revealed, in a move that should save £400,000 a year in running costs.

The Royal Pharmaceutical Society (RPS) has sold its Lambeth headquarters and bought new central London premises for an undisclosed sum, in a move that it expects to save £400,000 a year in running costs.


The RPS will leave its home since the 1970s for new headquarters at 66-68 East Smithfield, near Tower Hill underground station, it announced today (June 10). 


The RPS could not reveal how much it had paid for the new building, but said the purchase had been made on "very favourable terms".


The move date will depend on how quickly the developer is able to get planning permission, but is expected to be between October 2014 and May 2015, the society said. 

The RPS will leave its headquarters in Lambeth (pictured), its home since the 1970s, in favour of new premises near Tower Hill underground station

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The RPS branded the decision the "best possible outcome" for members. "We wanted to stay in London, in premises [that] showcase our proud heritage but also positively reflect the status and spirit of our profession and our flagship role," announced RPS treasurer and transition board chair Sid Dajani.


Mr Dajani told C+D the move would save £400,000 per year in running costs. "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," he said.


The RPS currently leases part of its Lambeth building to the General Pharmaceutical Council (GPhC). The regulator still plans to leave the building for new premises before its lease expires in September, a GPhC spokesperson told C+D.


The RPS first announced its intention to sell its Lambeth headquarters last year, as part of its ongoing effort to "improve efficiency and cost effectiveness".

How else could the RPS improve efficiency and cost effectiveness?

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5 Comments

Pharmacy HLP, Manager

Hi people do NOT be short sighted you need a good presence in the Capital for your chief drum beater ( RPS ) to continue to extol the virtues of pharmacy and its place in patient care within and outside the NHS .

Everyone needs to look at cost controls which they have done , you need to consider future uses and good on them for recognizing the risks that might have ensued if they had kept this old building needing some heavy investment.

RPS membership is good value compared to many other professions professional bodies, so keep that in mind.

Yassin Dickie, Community pharmacist

Wonder how much next years membership fees are going to be.?

K.J P, Locum pharmacist

Good point Yassin ...I wonder how many members renewed their
membership this year !!!
Stats please

Gerry Diamond, Primary care pharmacist

A sensible move for future sustainability. Do members have access to amenities for the odd visit ........hope that they have a decent bar and dining facility for visitor members..?

Ian Woodrow, Locum pharmacist

Are they still keeping the President's flat nearby, or are they going to purchase one nearer to East Smithfield?

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