Standard Life denies plans for London HQ move

Standard Life denies looking for a new HQ in London. 'Picture: Neil Hanna
Standard Life denies looking for a new HQ in London. 'Picture: Neil Hanna
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STANDARD Life has denied it is seeking to buy a new flagship headquarters in London.

The Edinburgh-based insurance giant said in February it was making contingency plans to transfer some of its operations south of the Border if it decided that was necessary after a Yes vote.

Now the company is said to have been in talks over a prestigious new building under construction close to the Bank of England in the heart of London’s financial district.

The 100 Cheapside development carries a £110 million price tag and is expected to be completed by September.

A Standard Life spokesman said: “We cannot comment on individual deals as we manage a large portfolio of properties on behalf of our clients, but we can confirm we are not looking for a London-based HQ.”

At the company’s AGM in May, chairman Gerry Grimstone said it was unlikely to move its thousands of employees out of Scotland.