Banking giant Barclays has announced the official opening of its new larger Newcastle city centre base, a move the firm said affirms renewed economic optimism.
Barclays Corporate has transferring from its current base in Grey Street to the Quayside after deciding the old premises were now suitable for the 21st Century.
All 160 staff working in the Grey Street base, together with the their Wealth and Investment Management colleagues who were based at Cross House, Westgate Road, have relocated to the new building at St Anns Street which has been transformed with significant cash investment.
The company said the relocation to the new premises represents one of the biggest real estate deals to have taken place in Newcastle in recent years.
The firm said the premises will enable the growing team to continue to offer the full range of corporate banking, investment and private banking solutions to new and existing clients in the region.
The new four storey office spans 35,000 square feet and incorporates eight client facing rooms together with a 28 seat board room.
Brian Thorpe, head of Barclays Corporate Banking in the North East said: “Newcastle is a fantastic place to do business and the move to the new offices is major investment for the city and the North East.
“It will offer an excellent environment for both our clients and our employees and enables us to bring our banking operations under one roof as well as demonstrating our ongoing commitment to the local economy and wealth creation in the region.”
Barclays premises in the state-of-the-art office complex will feature a dedicated customer reception, meeting suite and fantastic views over the River Tyne.
Andrew Miller, regional director for Barclays Wealth and Investment Management in Newcastle, said: “We are delighted to open a new office at this prestigious new development in Newcastle to support our large number of clients in the region.
“As a combined team, we will be well-placed to advise across a wide range of circumstances: from entrepreneurs looking to take the next step with their business or families seeking support on inheritance and succession planning.”