RBS to quit its 199 Bishopsgate office by end of the year

 
Steve Dinneen
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ROYAL Bank of Scotland will vacate its Bishopsgate office, while a second lease on its Regent’s House building hangs in the balance.

The bank is scaling back its property portfolio as it prepares to shed thousands of jobs. It is understood RBS will leave 199 Bishopsgate before the end of the year. It will keep its remaining offices at 135, 250 and 280 Bishopsgate. The 1,300 staff who work at the property will be relocated to the bank’s other offices.

It is not clear when the bank will leave Regent’s House, with sources claiming it could take years to finalise a deal to quit the property.

RBS last night insisted a final decision has yet to be made. It said: “We are constantly reviewing our property portfolio to ensure we manage it as efficiently as possible.”

It is understood relatively few staff work in the Regent’s House office.

The move from the Bishopsgate office will signal a break with the most turbulent period in the bank’s history. It took control of the building after its disastrous acquisition of Dutch lender ABN Amro.