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AkzoNobel to move out of former ICI headquarters

By Tim Wright | May 29, 2008

AkzoNobel to move out of former ICI headquarters

AkzoNobel has agreed to a transfer of the lease on its London base in the UK. The company will be moving into new office space a few miles away in Portland House. The Manchester Square property—formerly ICI's head office—will be taken over by The Boston Consulting Group. The substantial deal has been agreed just a few months after AkzoNobel's acquisition of ICI.

"We're very keen to make swift and efficient progress with all aspects of the ICI integration and it's pleasing to have agreed to this transaction so quickly," said AkzoNobel CEO Hans Wijers. "It's also a fine example of how focused we are on benefiting from the many synergies we have identified."

The company has taken over the 26th floor of Portland House, which is situated close to Victoria Station. Approximately 75 employees will move to the new location and are due to be in place by the end of June. The Manchester Square deal will officially be finalized in August.