Beeks to Move its Headquarter with Acquistion of New Premises

Fazzaco learned that Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, has acquired new premises for the Company headquarters.

According to the official press release, the company plans to move its headquarter from Lumina Building to the nearby Riverside Building in Riverside Business Park, King's Inch Road, Braehead PA4 8YU in early 2022.

Beeks has operated with the existing leased office for two years, during which time the business has grown considerably. With approximately three times the square footage, these larger premises will provide the necessary space to fulfil the Company's growth potential. Consideration for the property was £2.1 million, payable to Braehead Park Estates Limited, which was funded out of existing Company cash balances and available debt facililties.

Beeks will confirm the change in the Company's registered office address in due course.

As Fazzaco reported earlier, Beeks has launched Proximity Cloud​, a private cloud environment for financial markets. Proximity Cloud is a high-performance, dedicated and client-owned trading environment, fully optimised for low latency trading conditions and built with security and compliance at the forefront.