Diary: Could IPA hit jackpot in move from the square?

Is the IPA sitting on a goldmine? Diary only asks after reading that two houses in London's Belgrave Square have gone on the market at £100 million and £80 million.

The square, home to Oleg Deripaska, Russia's richest man, is also the long-term home of the IPA. It has never moved because of the generous terms of its lease.

Eight years ago, when the IPA first mooted the idea of a single "supergroup" to become the voice of the UK's entire communications industry, it calculated it could raise up to £4 million by giving up the Belgrave Square lease. Intriguing to know what that figure might be now should it choose to cash in.

Topics

Subscribe to Campaign from just £57 per quarter

Includes weekly and quarterly print issues, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

MOST READ

BBH deputy ECD Caroline Pay exits
Share

1 BBH deputy ECD Caroline Pay exits

Bartle Bogle Hegarty has parted company with its deputy executive creative director Caroline Pay and has promoted Ian Heartfield, creative managing partner, and Anthony Austin, chief executive of Black Sheep Studios, to take over as joint deputy ECDs.

Just published