Beeks Financial Cloud Group Plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announces that it has acquired new premises for the company headquarters.

Beeks headquarters will move from the existing leased office of the Lumina Building to the nearby Riverside Building in Riverside Business Park, King’s Inch Road, Braehead PA4 8YU in early 2022, following two years at the Company’s current address, during which time the business has grown considerably.

Beeks notes that, with approximately three times the square footage, these larger premises will provide the necessary space to fulfill 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 facilities. There are no profits or losses attributable to the property pursuant to the acquisition.

Beeks is set to confirm the change in the company’s registered office address in due course.