The first occupier of one of Birmingham’s most celebrated developments has received the keys for its new office.
Barclays Commercial Bank has made phase one of the Snowhill scheme its new Midlands headquarters.
It has acquired 98,000 sq ft across levels three to six.
The move will bring together 1,000 sales and operations colleagues from Barclays Commercial Bank division in the Midlands, currently located across the Greater Birmingham area.
A 15-year lease has been agreed on the office space, which forms part of Ballymore’s one million sq ft mixed-use scheme, set to become one of the largest redevelopment schemes in Birmingham.
Barclays, advised by Jones Lang LaSalle, will jointly occupy One Snowhill along with KPMG.
Ray O’Donoghue, managing director of Barclays Commercial Bank in the Midlands region, said: “Our move to Snow Hill is one of the biggest investments we have made in property in the UK and reaffirms our commitment to the city.
“It will provide us with 40 per cent more office space than we currently have over multiple sites and offer an excellent environment for both our colleagues and customers in the Midlands.”
He added: “The move enables us to bring together our existing banking operations under one roof while remaining close to the traditional heart of Birmingham’s business community.”
Barclays will occupy four floors of One Snow Hill, the first phase of the state-of-the-art, mixed-use development next to Snow Hill Station.
Steve Allen, director of operations for the commercial bank, added: “Bringing our operations and servicing teams into one high quality building will provide an exceptional working environment for our colleagues and will offer tremendous opportunities to further enhance our delivery capability for our customers.”
Barclays is expected to start moving into the new premises in October.
The bank will complete its move by December.