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AkzoNobel to move out of former ICI headquarters

June 2008

AkzoNobel has agreed a transfer of the lease on its London base in the UK. The company will be moving into new office space 26 floors above Victoria.

The Manchester Square property, formerly ICI's head office, will be taken over by The Boston Consulting Group, one of the world's best-known management consultancies. 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 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. Around 75 employees will move to the new location by the end of June. The Manchester Square deal will officially be finalized in August.