RPS look to ‘maximise’ value from their properties


The Royal Pharmaceutical Society (RPS) is re-evaluating the use of its office space. RPS is pro-actively looking at options that will make the most of its properties, including the potential lease of some floor space at East Smithfield.


Sandra Gidley, RPS President, said:


“In a changing environment, it is important that the Society adapts and evolves. Members want us to focus on putting pharmacy at the forefront of healthcare, by looking at alternative income streams that provide us with additional revenue, we can do more work to advance our mission.”


Paul Bennett, the RPS CEO, said:


“One of the best ways to enhance our financial sustainability is to make sure we are organisationally effective. Members would expect us to be looking at options, to see how we can make the most of the assets the organisation holds.


“However, there are a number of principles which are equally important.  Firstly, I cannot conceive of a time when the RPS wouldn’t have an address that members recognise as the home of pharmacy, and secondly, we are committed to ensuring that the objects and history of pharmacy are promoted and accessible. It’s important to note any income derived from renting space at East Smithfield would be additional revenue – and be reinvested into further developing our valued products and services.”


Members will have an opportunity to find out more about the RPS future strategy at the AGM in May.



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