CIBSE's current HQ in Balham
CIBSE is looking at opportunities to attract investors for the retrofit of a new headquarters.
The Institution is planning to move from its Balham headquarters to a location in central London, which CIBSE says is likely to require a retrofit.
As a charity, there are opportunities for CIBSE to explore ‘private philanthropic investment and sponsorship’ that would allow it to achieve, and potentially exceed, the objectives set down at the beginning of the moving process.
‘This will be a once-in-a-generation opportunity to create a headquarters for decades to come that will have a great working environment for our staff, and better training spaces,’ said a CIBSE spokesperson. ‘It will be somewhere for the membership to be proud of and a place that will inspire and showcase the work done within our industry.’
CIBSE anticipates that the sale of its current property will fund much of the purchase of its new home. However, the new building is likely to require a retrofit, which may not be funded from the proceeds of the sale of the Balham site. Fundraising and charity management specialist Morgen Thomas has been commissioned to conduct a planning study, and advise CIBSE on a strategy and how much might be raised.
Part of the process includes confidential consultations with stakeholders. If members would like to participate in the process, please contact robin@morgenthomas.com.