Barclays has today announced the opening of a new office at 5 St Anns Street, Quayside, Newcastle.
The move to the new premises represents one of the biggest real estate deals to have taken place in Newcastle in recent years. It sees the Corporate team, previously based at Grey Street, Newcastle, co-locate with their Wealth and Investment Management colleagues who were based at Cross House, Westgate Road, Newcastle.
The new premises will accommodate corporate staff together with a team of private bankers and 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 decision to invest in new premises in Newcastle reflects the area s growing affluence and its emerging status as an economic hub. 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.