Kainos to acquire site for new Belfast headquarters

Writer, Stock Market Wire
Tuesday, February 12, 2019 - 08:23

Kainos Group said Tuesday it had agreed to acquire a site to develop its Belfast headquarters for £7.05m.

The company said a 10% deposit was required to be paid on completion, which was expected on 3 June 2019.

The site received planning committee approval in May 2017 for a replacement 250,000 square foot Grade A office building, although Kainos would be submitting a revised planning application.

The new premises would allow Kainos to grow and scale its workforce to support the next stage of the group's growth.

At 8:23am: (LON:KNOS) Kainos Group Plc share price was -8p at 439p

Related content

Kainos trading in line with expectations

Kainos announced trading continued in line with market expectations in a trading update for the year to 31 March 2019.

The company said it...

Tue, 16/04/2019 - 08:48

Kainos expects results to top market expectations amid 'very strong' momentum in core markets

Kainos, a Digital Services and Platforms, said results for the year ahead of current market expectations as 'very strong momentum' within its core markets continued....

Mon, 04/02/2019 - 09:24

Kainos hikes dividend 40% as first-half profits jump

IT group Kainos hiked its dividend Monday as first-half profit before tax rose by more than fifth amid ongoing strength in digital services.


Mon, 26/11/2018 - 07:54

Kainos Group says profits to top expectations amid 'strong' start

Kainos Group said Wednesday it expects that full-year results would be ahead of current market expectations following a 'strong' start to the year.


Wed, 05/09/2018 - 08:20

Adapt or die: The companies forced to transform as technology and markets evolve


Nothing stays the same forever and the best companies are those which are flexible and innovative enough to adapt.

Without this capacity they risk becoming...

Thu, 08/03/2018 - 00:00