The disability charity the RNIB has agreed to sell its central London headquarters for an undisclosed sum.
The charity said it had accepted a “strong commercial offer” from the developers Montrose Land and the property investment company AshbyCapital for the remaining 90-year lease on the Judd Street property, which it has occupied since 2000.
The RNIB said the sale had not been prompted by the Covid-19 pandemic and was part of a modernisation programme for the charity.
It said it had more space than it needed in the 57,000 sq-ft office, which it shares with Guide Dogs and which spreads across four floors.
A spokesperson for the RNIB declined to confirm the price of the sale.
A significant proportion of the funds raised through the sale is expected to be spent on alternative office space in London.
Matt Stringer, chief executive of the RNIB, said: “As part of our ongoing plans to transform RNIB to meet the 21st century needs of blind and partially sighted people, we have been assessing our office space to ensure it best meets our needs and we are using our resources as effectively as possible.
“For some time, we have had more space in Judd Street than we require, an unrealised asset that can be put to better use for our customers.”
He said the move would fund the charity’s future strategy and allow it to develop a “more modern, fully accessible central London office that better meets the needs of our customers and staff”.
The RNIB is expected to remain in the Judd Street building for the next two years. The location of its next office is yet to be determined.
Tom Wright, chief executive of Guide Dogs, said the charity would shortly begin looking for a new central London hub that met the needs of its staff, volunteers and dogs in training, and was fully accessible for the people it supports.